Episode 159
Bias-variance-trade off - an important principle you should know and 3 examples for it
The Effective Statistician - in association with PSI
February 16, 202126m 7s
Audio is streamed directly from the publisher (audio.podigee-cdn.net) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
This trade-off is universal: It has been shown that a model that is asymptotically unbiased must have unbounded variance”
In this episode, we dive into 3 examples for it:
- Subgroup analyses
- Cluster analysis
- Regression analysis
Reference:
Wikipedia - Variance trade off