Rodeo rope

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Possible Answers:

LASSO.

Last seen on: –USA Today Crossword – May 2 2021
USA Today Crossword – Jan 4 2021
Universal Crossword – Nov 6 2020
NY Times Crossword 17 Jun 20, Wednesday
Newsday.com Crossword – Mar 30 2020
Wall Street Journal Crossword – March 12 2020 – Wow Mom!
NY Times Crossword 13 Aug 19, Tuesday

Random information on the term “LASSO”:

Model selection is the task of selecting a statistical model from a set of candidate models, given data. In the simplest cases, a pre-existing set of data is considered. However, the task can also involve the design of experiments such that the data collected is well-suited to the problem of model selection. Given candidate models of similar predictive or explanatory power, the simplest model is most likely to be the best choice (Occam’s razor).

Konishi & Kitagawa (2008, p. 75) state, “The majority of the problems in statistical inference can be considered to be problems related to statistical modeling”. Relatedly, Cox (2006, p. 197) has said, “How [the] translation from subject-matter problem to statistical model is done is often the most critical part of an analysis”.

Model selection may also refer to the problem of selecting a few representative models from a large set of computational models for the purpose of decision making or optimization under uncertainty.

LASSO on Wikipedia