In predictive modeling, what does the term 'overfitting' refer to?
- Creating a model that is too complex and fits the training data too closely
- Failing to fit the training data adequately
- Ignoring the training data and making random predictions
- Using too few features in the model
Overfitting occurs when a model is too complex and fits the training data too closely. This can result in the model performing well on the training data but poorly on new, unseen data, as it has essentially memorized the training set.
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