Direct costs and variable costs are similar in nature and are both types of costs involved in production. Direct costs are expenses that can be directly traced to a product, while variable costs vary ...

This project focuses on addressing the variable selection problem in regression using both direct (Mixed Integer Quadratic Programming - MIQP) and indirect (LASSO) methods. The goal is to compare the ...

One of the most common problems in predictive analytics is variable selection for regression. Direct variable selection using optimization has long been dismissed by the statistics/analytics community ...