Bootstrapping Main Ideas!!!
Bootstrapping is one of the simplest, yet most powerful methods in all of statistics. It provides us an easy way to get a sense of what might happen if we could repeat an experiment a bunch of times. It turns point estimates into distributions that can be used to calculate all kinds of stuff, including standard errors, confidence intervals and even p-values. In this video, we show how it can be used to calculate standard errors and confidence intervals. In Part 2, we'll see how to calculate p-values.
For a complete index of all the StatQuest videos, check out:
https://statquest.org/video-index/
If you'd like to support StatQuest, please consider...
Buying my book, The StatQuest Illustrated Guide to Machine Learning:
PDF - https://statquest.gumroad.com/l/wvtmc
Paperback - https://www.amazon.com/dp/B09ZCKR4H6
Kindle eBook - https://www.amazon.com/dp/B09ZG79HXC
Patreon: / statquest
...or...
YouTube Membership: / @statquest
...a cool StatQuest t-shirt or sweatshirt:
https://shop.spreadshirt.com/statques...
...buying one or two of my songs (or go large and get a whole album!)
https://joshuastarmer.bandcamp.com/
...or just donating to StatQuest!
https://www.paypal.me/statquest
Lastly, if you want to keep up with me as I research and create new StatQuests, follow me on twitter:
/ joshuastarmer
0:00 Awesome song and introduction
2:18 Bootstrapping in action!
4:23 Bootstrapping defined
6:40 Calculating standard errors and confidence intervals with bootstrapping
8:13 What makes bootstrapping so awesome
Correction:
5:55 8^8 combinations of observed values and possible means assumes that order matters, and it doesn't. So 8^8 over counts the total number of useful combinations and the true number is 15 choose 8, which is 6435
#StatQuest #Bootstrap #Statistics
Watch video Bootstrapping Main Ideas!!! online without registration, duration hours minute second in high quality. This video was added by user StatQuest with Josh Starmer 05 July 2021, don't forget to share it with your friends and acquaintances, it has been viewed on our site 506,100 once and liked it 14 thousand people.