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AI • Machine Learning • Tech on Instagram: "The bias-variance tradeoff is a very important challenge in machine learning, describing the balance between a model’s accuracy and its consistency. A model’s total error is essentially a combination of bias and variance. Bias is the error from a model’s simplifying assumptions; it measures how far off the average prediction is from the true value. A model with high bias (like a simple linear model trying to fit a complex curve) underfits the data, con