Bias-variance-trade off - an important principle you should know and 3 examples for it
- Author
- Alexander Schacht and Benjamin Piske, biometricians, statisticians and leaders in the pharma industry
- Published
- Tue 16 Feb 2021
- Episode Link
- https://podcastae8fac.podigee.io/159-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
