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Bias-Variance Tradeoff - How do you fix bias-variance tradeoff?


To address the bias-variance tradeoff, one needs to balance the model's sensitivity to the training data. If the model has low bias or underfitting, simply increasing the dataset size may not yield significant improvements as the model lacks the ability to adapt to changes. In this case, the remedy for high bias would be to introduce higher variance, which often involves incorporating more data.