June 2020
Intermediate to advanced
382 pages
11h 39m
English
Variance quantifies how accurately a model estimates the target variable if a different dataset is used to train the model. It quantifies whether the mathematical formulation of our model is a good generalization of the underlying patterns.
Specific overfitted rules based on specific scenarios and situations = high variance, and rules that are generalized and applicable to a variety of scenarios and situations = low variance.
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