I am trying to do a prediction with Lasso regression. When I plotted the predicted Vs. Actual, I got a very low correlation between them (shown in the figure). However, I feel that with some kind of transformation, I should be able to make the predicted values to lie on the (predicted = Actual) line.
Is this possible? Or are there any parameters in Lasso or any other regression technique, that I can tune to get better predicted results for this case?