..is fit to the main data (the “training” data), it is then applied to the hold-out sample. This gives an unbiased assessment of how well the model might do if applied to new data.
Word #31 – Hold-out sample
- July 28, 2014
- , 7:49 pm
A hold-out sample is a random sample from a data set that is withheld and not used in the model fitting process. After the model...