The Bias Variance Tradeoff
Foundational to any data science curriculum is the introduction of the terms bias and variance, and subsequently the trade-off that exists between the two. As machine learning continues to grow it is imperative that we understand these concepts, as they directly effect the predictions we make and the business value we can derive from our generated models. While machine learning may seem simple, one of the more difficult parts is optimizing your models but sometimes optimization can lead to over-fitting and if your model is too simple it may be under-fitting your data....
