ANS 1)
The k-fold cross validation is implemented by randomly dividing the set of observations into k groups, or folds, of approximately equal size. The first fold is treated as a validation set, and the method is fit on the remaining k-1 folds. The mean squared error, MSE1, is then computed on the observations in the held-out fold. This procedure is repeated k times; each time, a different group of observations is treated as a validation set. This process results in k estimates of the test error, MSE1,MSE2, . .,MSEk. The k-fold CV estimate is computed by averaging these values.
ANS 2)
(1)-Advantage of k-fold cross validation relative to the validation set: The validation estimate of the test error rate can be highly variable, depending on precisely which observations are included in the training set and which observations are included in the validation set. Moreover, validation set error rate may tend to overestimate the test error rate for the model fit on the entire data set.
Disadvantage of k-fold cross validation relative to the validation set: Validation set approach is conceptually simple and easy to implement.
(2)-Advantage of k-fold cross validation relative to LOOCV: LOOCV requires fitting the statistical learning method n times. This has the potential to be computationally expensive. Moreover, k-fold CV often gives more accurate estimates of the test error rate than does LOOCV.
Disadvantage of k-fold cross validation relative to LOOCV: If the main purpose bias reduction, LOOCV should be preffered to k-fold CV since it tends to has less bias. So, there is a bias-variance trade-off associated with the choice of k in k-fold cross-validation; typically using k=5 or k=10 yield test error rate estimates that suffer neither from excessively high bias nor from very high variance.
1. Explain how k-fold cross-validation is implemented. 2. What are the advantages and disadvantages of k-fold...
You are given the following statements about different resampling methods: I. Computational time of leave-one-out cross-validation (LOOCV) is less than . k-fold cross-validation II. k-fold cross-validation has higher variance than LOOCV when k < n III. LOOCV tends to overestimate the test error rate in comparison to validation set approach Determine which of the above statements are correct. (Choose one of the option). A. I only B. II only C. III only D. I, II, and III E. None
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