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The default is folds(10). using lasso to manually implement inference methods, such as double-selection 10-fold cross-validation with 100 lambdas . stata.com elasticnet — Elastic net for prediction and folds(#) specifies that CV with # folds be done. 10-fold cross-validation with 109 lambdas . For every observation in the estimating sample, loocv estimates the model specified by the "CROSSFOLD: Stata module to perform k-fold cross-validation"