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Learn MoreBased on the original Statistical Inventory Reconciliation(SIR) Test Method (Quantitative), K-folds cross validation is used to increase P(D) and decrease P(FA) by adjusting K, which are related to bias and standard deviation. There is a trade-off between bias and variance, with very flexible models (overfit) having low bias and high variance, and relatively rigid models(underfit) having high bias and low variance. When K is larger, we have lower bias and larger standard deviation. Also, K-folds cross validation is very useful, when data size is small. So this methods has a higher validity with a lower data requirement.
Xuewen Lu
Jinying Wu
Cantest Solutions
Mathematics
Oil and gas
Accelerate
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