Q:Explain the bias vs. variance tradeoff in statistical learning. A: The bias-variance tradeoff is an important aspect of data science projects based on machine learning. To simplify the discussion, ...

Malaya Rout works as Director of Data Science with Exafluence in Chennai. He is an alumnus of IIM Calcutta. He has worked with TCS, LatentView Analytics and Verizon prior to the role at Exafluence. He ...

We leverage insights from machine learning to optimize the tradeoff between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that ...