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Describe the bias-variance tradeoff in the context of machine learning and provide a practical example of how this tradeoff can be observed in a model's performance?
Data Scientist
Uber
Microsoft
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ServiceNow
Quora
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Try AI Interview NowInterview question asked to Data Scientists interviewing at Quora, Rippling, ServiceNow and others: Describe the bias-variance tradeoff in the context of machine learning and provide a practical example of how this tradeoff can be observed in a model's performance?.