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May 26, 2017 at 17:21 comment added whuber You haven't correctly given the penalty: the entire term must be multiplied by a second independent parameter, called "$\lambda$" in the documentation. It functions like the $\lambda$ in your edit (and is directly proportional to it). This lambda has nothing to do with your $\lambda_1$ and $\lambda_2$. cv.glmnet helps you find $\lambda$, but you have to specify $\alpha$.
May 26, 2017 at 17:04 answer added user795305 timeline score: 2
Oct 6, 2016 at 20:26 history edited Dominik CC BY-SA 3.0
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Oct 6, 2016 at 1:16 vote accept Dominik
Oct 5, 2016 at 16:40 answer added Sycorax timeline score: 3
Oct 5, 2016 at 16:15 comment added Dominik relevant and helpful, but I still don't understand how a single $\lambda$ comes into the picture when the penalty is formulated with $\alpha$
Oct 5, 2016 at 7:04 comment added Sycorax Relevant: stats.stackexchange.com/questions/67736/…
Oct 5, 2016 at 3:34 history asked Dominik CC BY-SA 3.0