What is Bias-Variance Tradeoff?

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Answer ( 1 )

    • Bias: Error due to a model being too simple (underfitting).
    • Variance: Error due to a model being too complex (overfitting).
    • Tradeoff: The goal is to find a balance where the model is not too simple (high bias) or too complex (high variance).

    Ideal model = Low Bias + Low Variance.

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