Statistical Prediction
Bias reduction refers to the techniques and methods used to minimize systematic errors in predictions made by statistical models or machine learning algorithms. These methods aim to improve the accuracy of predictions by adjusting for any inherent biases present in the model, ensuring that it performs well on both training and unseen data. In the context of boosting algorithms, bias reduction is particularly important as it helps to create a more accurate ensemble model by focusing on correcting the errors made by previous models.
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