I started with the easy stuff, more expressive model reduces bias but balloons variance, more training data cuts variance but costs compute and time.
Structure your answer by first defining bias and variance in model terms, then for each, list specific techniques and their tradeoffs. Emphasize that techniques often trade one for the other, and highlight practical considerations for real-world deployment.
Pro tip: Mention that in practice, you often need to balance bias and variance based on the application's tolerance for error types, and that techniques like regularization can be tuned to achieve the desired tradeoff.
Briefly explain bias as error from erroneous assumptions (underfitting) and variance as sensitivity to fluctuations in training data (overfitting).
List methods such as increasing model complexity, adding features, reducing regularization, or using more expressive models. For each, mention tradeoffs like increased variance or computational cost.
List methods such as regularization (L1/L2), dropout, early stopping, data augmentation, bagging, or cross-validation. For each, mention tradeoffs like increased bias or reduced interpretability.
Explain that reducing one often increases the other, and that the goal is to find a balance that minimizes total error. Mention that techniques like ensemble methods can help manage both.
Give examples of how to choose techniques based on the problem, such as using regularization for high-dimensional data or increasing complexity for underfit models.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.