longley2

Data from the "Employment and Training Report of the President, 1976"
 compiled by Art Hoerl, University of Delaware.  Some slightly different numerical
 values than those used by Longley(1967) ...plus the added years of 1963-1975.
 Longley(1967) used only data from the 16 years of 1947 through 1962.

datasets

Identify and display TRACEs for a specified shrinkage path and determine
  the extent of shrinkage most likely, under normal distribution theory, to produce an
  optimal reduction in MSE Risk in estimates of regression (beta) coefficients.

longley2: Art Hoerl's update of the infamous Longley(1967) benchmark dataset

Description

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