Bias-variance-trade off - an important principle you should know and 3 examples for it

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By Alexander Schacht and Benjamin Piske, biometricians, statisticians and leaders in the pharma industry, Alexander Schacht, Benjamin Piske, and Leaders in the pharma industry. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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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