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This is an essay question, show argument/proof. Provide a sketch of the three components of mean-squared-error (MSE) for a typical modeling problem: Squared Bias, Variance,

This is an essay question, show argument/proof.

Provide a sketch of the three components of mean-squared-error (MSE) for a typical modeling problem: Squared Bias, Variance, and Irreducible Error - plot each of the curves as a function of model flexibility. Why are each of the curves shaped the way that they are? How does the shape of these curves explain the bias-variance trade-off?

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