CFA Practice Question

There are 155 practice questions for this study session.

CFA Practice Question

Bias error causes:

I. overfitting
II. underfitting
III. high in-sample error
IV. low in-sample error
Correct Answer: II and III

The bias error measures how far off on the average the model is from the truth. It is likely caused by algorithms with erroneous assumptions and produces poor approximation.

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