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: . 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?