- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 6. Machine Learning
- Subject 2. Overview of Evaluating ML Algorithm Performance
CFA Practice Question
In exhibit 5 of the reading (Accuracy in Validation and Training Samples vs. Training Sample Size), the training accuracy rate and the validation accurancy rate converge ______ the desired accuracy rate when there is a good trade-off between bias and variance error.
B. above
C. toward
A. below
B. above
C. toward
Correct Answer: C
The learning problem itself is basically a trade-off between bias and variance. They don't converge above the desired accuracy rate, no matter how well the model is built.
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