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Bias-variance-trade off - an important principle you should know and 3 examples for it
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
View all episodes
By Alexander Schacht and Benjamin Piske, biometricians, statisticians and leaders in the pharma industry
4.4
99 ratings
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
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