Actuarial Data Science

Bridging the Gap between Actuarial and Data Science

Wed 17 April 2019

Standard deviation vs standard error

Posted by Pieter Marres in Articles   

In texts on statistics and machine learning, we often run into the terms standard deviation and standard error. They are both a measure of spread and uncertainty. In this post, we perform three experiments to see how standard deviation and standard error work in practice and how they relate to each other