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Model performance, Introduction to model accuracy and Performance metrics,…
Model performance
Introduction to model accuracy and Performance metrics
Mean Average Error [MAE]
Mean Squared Error [MSE]
Root Squared Error [RSE]
Residuals
4.3 Understanding Common Challenges to Model Accuracy
Bias
causes
How to Reduce it?
Variance
causes
How to Reduce it?
Heteroskedasticity
To Address it
Endogeneity
What is it ?
How to Address it ?
Control Variables
Difference in Differences DID
Instrumental Variable Analysis