Introduction to Statistical Learning in Python

Book: statlearning Github: https://github.com/bomtall/islp

Set up environment

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Difference between Prediction and Inference

Given a setting where then there.

Prediction - Is building a blackbox such that is close to on a subdomain . For notation we have .

Inference - This is the process of understanding the true form of .

Accuracy

Reducible error - The difference between .

Irreducible error - The coming from measurement, innate randomness, …

Why is irreducible error larger than zero?

With the following assumptions.

Definition of mean squared error here:

What is bias?

How good can your model be given it is of a certain form.