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  • Author: Stephanie Glen - other articles by Stephanie Glen
    Resampling is a way to reuse data to generate new, hypothetical samples (called resamples) that are representative of an underlying population. It's used when:
    • You don't know the underlying distribution for the population,
    • Traditional formulas are difficult or impossible to apply,
    • As a substitute for traditional methods.
    Two popular tools are the bootstrap and jackknife. Although they have many similarities (e.g. they both can estimate precision for an estimator θ), they do have a few notable differences.

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