Vocabulary Word
Scenario:
Our spending has gone way past projected estimates. We need to pull back and streamline our expenditures.
Response:
Agreed, we have to lasso our costs or we're risking a budget deficit.
Scenario:
The data prediction model is too complex and doesn't generalize well. There's a need for a more accurate model fitting method.
Response:
We might need to apply the Lasso method to streamline our statistical model.