I would like to interpret the coefficients of an elastic net regression (I'm using function glmnet()$beta
in R).
The coefficients of the elastic net regularized regression are considered "biased" coefficients because a L1/L2 penalty was added to the cost function during the calculation.
So my question is, can these biased coefficients represent the practical significance between the predictors and the response variable? If they can't, how can I transform these coefficients into unbiased estimates?