What is the impact of dataset size on Leave-One-Out Cross-Validation (LOOCV)?
The dataset size significantly affects LOOCV. With smaller datasets, LOOCV can lead to high variance in model evaluation.
Why does high variance occur with smaller datasets?
High variance occurs because each training set is very similar, making the model sensitive to small changes in the data.
Is there a recommended minimum dataset size for LOOCV?
While there's no strict minimum, larger datasets are generally preferred to ensure more reliable and stable estimates.
What are some alternatives to LOOCV if my dataset is small?
You might consider k-fold cross-validation or stratified sampling, which can provide more stable estimates with smaller datasets.
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