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A deep dive into the causes, results, and treatments for bias in regression fashions
This pack of peanut M&Ms weighs 45 grams.
Mars Inc. has probably priced this pack to perfection. However how does Mars know what number of peanut M&Ms to stuff right into a 45g pack?
One might merely divide 45 by the imply weight of a peanut M&M and spherical to the closest integer (duh!).
However that raises one other query:
What’s the imply weight of a peanut M&M?
By the tip of this 12 months, a mind-numbing 150 billion M&Ms may have poured out of Mars’s factories. Much more will likely be produced subsequent 12 months and nonetheless extra within the years to return. How will you ever know the imply weight of an M&M?
By the best way, who in candy heaven is consuming all these M&Ms?!
At any fee, it’s actually inconceivable to calculate the imply weight of an M&M — the so-called inhabitants imply.
If we can’t comprehend it, we should estimate it, and with estimates come errors.
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