In statistics, sometimes we use mean sum of error, and sometimes variance. I just want to know what is the difference between mean sum of error and variance?
Solved – Difference between MSE and variance
msevariance
msevariance
In statistics, sometimes we use mean sum of error, and sometimes variance. I just want to know what is the difference between mean sum of error and variance?
Best Answer
$MSE = {\rm variance} + {\rm bias}^2$. As per gung, MSE is mean squared error.