Why is out-of-sample data important for testing inductive models?

Question:

Why is "out-of-sample" data important for testing inductive models?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

See More Books

Question Posted: Feb 12, 2016 04:53 AM

See More Questions

Why is the phrase holding out important?
Why is it important for an e-business model to create value in a way that is differentiated from the way competitors models create value?
1. Auditors initial response to computer systems was to audit around the computer. This strategy is least likely to be successful in an audit of a. A batch processing system for payroll. b. A card-...
The Kingdom of Bhutan measures the happiness of its population, and government policy is formulated to increase Bhutans GNH (gross national happiness). Read about how the GNH is measured (try...
Describe some of the basic database features available in SAP ERP for processing information pertaining to the sales business process.
Show that case 3 of the master theorem is overstated, in the sense that the regularity condition af (n/b) cf (n) for some constant c < 1 implies that there exists a constant > 0 such that f (n) =...
In a domestic refrigerator, the refrigerant commonly used is (a) Air (b) Carbon dioxide (c) Ammonia (d) Freon-12
Ammonia is oxidized with air to form nitric oxide in the first step of the production of nitric acid. Two principal reactions occur: 4 NH 3 + 5O 2 ? 4NO + 6H 2 O 2 NH 3? + 3/2 O 2? ? N 2? + 3H 2 O A...
Khairul bought a television set with cash price of Rm6000. He paid a 10% down payment and the balance was settled by making a 24 monthly payments . If the interest was 8% per annum on the original...
Disney Amusement Park, Inc. has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Instructions (a) Prepare a complete worksheet. (b) Prepare a...
How does an inductive approach to economics differ from a deductive approach?
A student is given the option of selecting two homework schedulesone in which three five-page papers and one one-page paper are due at the end of the semester and another in which the first papers...
Compute the following derivatives using the method of your choice. d dx -(x + e*)
Explain the difference between a constant and a time-varying variance of the error term.
Give some examples of models in which the dependent variable is a count variable.
Explain how to generate impulse response functions and variance decompositions for the simple case when the variables are not contemporaneously interdependent and the shocks are not correlated.
Explain the distinctive features of a T-GARCH model and a GARCH-in-mean model.
Explain the difference between ARCH and GARCH specifications.
A business associate who owes you $3000 offers to pay you $2800 now, or else pay you three yearly installments of $1000 each, with the first installment paid now. If you use only financial reasons to...
What are the four types of poultry production systems? Explain each type.
How are state balanced-budget requirements procyclical?
How do automatic stabilizers work?
A tax cut has just been announced. Congressman Growth states that its effect will be on the supply side. Congressman Stable states that its effect will be on the demand side. a. Demonstrate...
What is Fibonacci heap? Explain CONSOLIDATE operation with suitable example for Fibonacci heap ?
Discuss the impact of global supply chain disruptions, exacerbated by events like the COVID-19 pandemic, on inventory management strategies and market resilience across various industries?
A pharmaceutical retailer decided to host a website for home delivery of medicines according to user orders. The web application is deployed on a single Amazon EC2 instances. within a few months, the...

Why is out-of-sample data important for testing inductive models?

Question:

Step by Step Answer:

Models that are generated from a specific set of data cannot ...View the full answer

Macroeconomics

Students also viewed these Economics questions