Keyword Analysis & Research: bootstrapping meaning in computer

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What is bootstrapping in regards to statistics?

“Bootstrapping is a statistical procedure that resamples a single dataset to create many simulated samples. This process allows for the calculation of standard errors, confidence intervals, and hypothesis testing” ( Forst).

What does bootstrapping mean?

What do you mean by bootstrapping? Bootstrapping describes a situation in which an entrepreneur starts a company with little capital, relying on money other than outside investments. An individual is said to be bootstrapping when they attempt to found and build a company from personal finances or the operating revenues of the new company.

What is the origin of the term 'bootstrapping'?

History. The term “bootstrapping” originated with a phrase in use in the 18th and 19th century: “to pull oneself up by one’s bootstraps.” Back then, it referred to an impossible task. Today it refers more to the challenge of making something out of nothing.

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