Summary
The main purpose of dealing with the bootstrap method in detail is that it lays the foundation for the resampling methods. We began the chapter with a very early resampling method: the jackknife method. This method is illustrated for the purpose of multiple scenarios, including survival data, which is inherently complex. The bootstrap method kicked off for seemingly simpler problems, and then we immediately applied it to complex problems, such as principal components and regression data. For the regression data, we also illustrated the bootstrap method for survival data and time series data. In the next chapter, we will look at the central role the bootstrap method plays in resampling decision trees, a quintessential machine learning tool.