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Explain the Bias-Variance Tradeoff

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First we need the basic definitions of bias and variance, so that we can understand the context of the trade-off, with references to both model types.

Remember that the decomposition is a simple equation that relates bias and variance. Also think about: where does irreducible error play into the equation?

With the trade-off in mind, you’ll have to come up with ways on how to better improve both logistic regression and neural networks, keeping in mind their differences in how they are constructed and operate.

Are your definitions of bias and variance complementary? Since there is a trade-off, the definitions should have some overlap in conceptually how they describe the qualities of a model.

Does your composition ensure that it explains total model error? Remember that irreducible error is always relevant to the real world, and that error from bias and variance terms must be on the same side since there is a trade-off.

Do your techniques for improving logistic regression highlight the fact that the method is high bias, low variance? And vice-versa for neural networks?