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Which model has the lowest expected test error?

You are choosing a forecasting model. The expected squared error of a prediction splits into three parts: squared bias+variance+irreducible noise\text{squared bias} + \text{variance} + \text{irreducible noise}. The noise is 4 for every model. The models are:

  • Model A: squared bias 9, variance 1
  • Model B: squared bias 1, variance 6
  • Model C: squared bias 0, variance 12

Which model has the lowest expected test error, and what is it?

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