Bootstrapping by hand
To help you gain intuition about how bootstrapping works, imagine you have a data set that has only three points, [-1, 0, 1]
. How many unique bootstrap samples can be drawn (e.g., [-1, 0, 1]
and [1, 0, -1]
are unique), and what is the maximum mean you can get from a bootstrap sample? It might be useful to jot down the samples on a piece of paper.
(These are too few data to get meaningful results from bootstrap procedures, but this example is useful for intuition.)
This exercise is part of the course
Statistical Thinking in Python (Part 2)
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
