The Effective Statistician - in association with PSI

The Effective Statistician - in association with PSI

The Effective Statistician - in association with PSI

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

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This trade-off is universal: It has been shown that a model that is asymptotically unbiased must have unbounded varianceā€

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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About this podcast

The podcast from statisticians for statisticians to have a bigger impact at work. This podcast is set up in association with PSI - Promoting Statistical Insight. This podcast helps you to grow your leadership skills, learn about ongoing discussions in the scientific community, build you knowledge about the health sector and be more efficient at work. This podcast helps statisticians at all levels with and without management experience. It is targeted towards the health, but lots of topics will be important for the wider data scientists community.

by Alexander Schacht and Benjamin Piske, biometricians, statisticians and leaders in the pharma industry

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