Explain L1 vs L2 and ridge vs lasso
Company: Upstart
Role: Data Scientist
Category: Machine Learning
Difficulty: easy
Interview Round: Onsite
Quick Answer: This question evaluates understanding of regularization techniques in Machine Learning—specifically distinctions between L1 and L2 norms and their instantiation as Lasso and Ridge regression—covering effects on objective functions, parameter sparsity, geometric intuitions, handling of correlated features, and the role of feature scaling.