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Piangtawan Polard

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A Lasso and Ridge-Cox Proportional Hazard Model Analysis of Thai Tourism Businesses’ Resilience and Survival in the COVID-19 Crisis

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By Woraphon Yamaka, Supareuk Tarapituxwong, Namchok Chimprang, Piangtawan Polard
| MDPI
5. Empirical Results 5.1. Estimation Results of the Cox Proportional Hazards Model In , we present the coefficients estimated from the Cox regression model using the penalized Lasso and Ridge methodologies. However, these coefficients may not be readily interpretable in their original form. To enhance the interpretability of the results, we applied the exponential function to transform the coefficients into hazard ratios.
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