bootstrap

Simulating Data in R: The Bootstrap

Introduction A common problem in data analysis is a lack of data. This is unfortunate because when it comes to data: more is more. The more data we have, the more accurate our estimates are and the more confidence we can have in the conclusions that we draw from that data. But data doesn’t just grow on trees. It takes resources to gather data; collecting data requires spending time, money, and/or manpower.