Tag Archives: regularization

Finding Balance on the Bias-Variance Seesaw

Building models is a tricky business. There are lots of decisions involved and competing motivations. Say we are an ecologist studying owl abundance in a park near our school. Our primary goal may be to have a good understanding of what is going on in our data. We don’t want to miss any important relationships between abundance and measurable factors about the landscape. Like if we didn’t include tree cover as an explanatory variable, we might have a model that is underfit since that variable would give us potential information about the availability of spots for owls to nest. 

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