diff --git a/ch2/answers b/ch2/answers index ecbd22b..e6815d2 100644 --- a/ch2/answers +++ b/ch2/answers @@ -1,5 +1,6 @@ 1. (a) better - a more flexible approach will fit the data closer and with the -large sample size a better fit than an inflexible approach would be obtained +large sample size a better fit than an inflexible approach would be obtained. + YX add on: I would agree on "better" due to large sample size. But what is the effect of small number of predictors (b) worse - a flexible method would overfit the small number of observations @@ -7,6 +8,8 @@ large sample size a better fit than an inflexible approach would be obtained better fit (d) worse - flexible methods fit to the noise in the error terms and increase variance + YX add on: I am wondering if error term is very big, would variance/bias still be relevant. After all the MSE is dominated + by error terms already. How can we tell the difference between high flexibility model and low flexibility model? 2. (a) regression. inference. quantitative output of CEO salary based on CEO