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Mathematical Defintion of Bias

bias(θ^m)=E(θ^m)θ\mathrm{bias}(\hat \theta_m) = \mathbb{E}(\hat \theta_m) - \theta,

where θ^m\hat{\theta}_m is the the estimator of a paramter, θ\theta is the true value of that parameter, and mm is the sample size/number of data points.

The bias of an estimator for a parameter is the difference between the expected value that the estimator will take when trained on data and the actual value of the parameter used to generate the data.

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Updated 2021-06-21

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