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Chemometric Space: Bias and variance Tom
Fearn Department of Statistical Science, University College London, Gower Street, London WC1E 6BT, UK
ABSTRACT:
The concepts of bias and variance are simple ones.
Bias is a systematic difference, either between a measurement method and the true value or between two measurement methods; variance describes differences that are
random, and average to zero when repeated measurements are averaged. Like many simple concepts, they become slightly more complicated when one looks closely. In
particular, what is bias and what is variance may depend quite critically on the population over which we are averaging.
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