
Overfitting and Underfitting

Whenever you have a large number of candidate variables applied to a rarely occurring phenomenon, there is the risk of overfitting your model and mistaking the noise in the past data for a signal.
Nate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
The downside of machine learning is that it typically leads to results that are somewhat difficult to interpret and explain.
Thomas H. Davenport • Big Data at Work: Dispelling the Myths, Uncovering the Opportunities
Overconfidence and AI
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