Regression $-$ Underfitting and Overfitting

Underfitting and Overfitting describe how well a model generalizes the underlying relationship. In addition we

can use the terms bias and Variance to describe the two types of error.

Select the comect statoment on bus and wariance.

An optmum model has high bias and high variance.

Basind varance Nwass give us the same value.

Variance of cintees how vanted data ponts in our observation are.