Description
Introduction to bootstrapping techniques in univariate data with source code in Python. Comparison with traditional statistical methods.
Summary
- 1 To boldly go where no theory has gone before.
- For example, bootstrapping the median or other quantiles is hard unless the sample size is quite large.
- Take a random sample of the population (the same as before).
- Calculate the statistic (mean, in this case) for the resample and store the result in a list.