Ridge Regression or centering of variables
I am performing a regression and structural multicollinearity is an issue I am trying to deal with. I can either center the variables or perform a ridge regression. (I am referencing this website: https://statisticsbyjim.com/regression/multicollinearity-in-regression-analysis/).
- Is there a way to automatically center the variables in JASP?
- How do I perform a ridge regression in JASP? I have looked and cannot figure out if it is included in the available analyses.
I am by no means fully functional in using statistics- I know enough to be dangerous. So, I respectfully ask that your help be phrased so that a lay person can understand (to the extent possible). Thank you in advance!