How Good is My Model? Part 3: Truce with Small Datasets.
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In the last two posts, I was trying to answer a question but found that it only became entangled with the limitations of reality. To know how good a model is, I need to land on the true distribution of its performance—to see what is common and what is rare. However, this requires a large number of i.i.d. samples, which unfortunately are not easy to find in our field.
