py-why / py-why/EconML

Question: Why the effect_inference produces a std_err for each point_estimate?

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Description

I am probably missing something more trivial here, but why is there a standard error associated with each point_estimate or CATE estimate in the EconML methods? I am looking at the Doubly Robust Learning method.
In general ML predictions, we determine standard error on the predicted data, but here there is a standard error associated with each prediction. What am I missing here?

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Research direction

Start with the Doubly Robust Learning material and the effect_inference behavior named in the issue. Trace how EconML presents CATE or point-estimate uncertainty, then document why a standard error can accompany each prediction and how that differs from standard ML prediction uncertainty.

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Assessment

Tech stack
python
Domain
documentation, machine-learning
Issue type
Documentation
Difficulty
4/5
Estimated time
3-5 days
Activity status
Stale
Clarity
Needs clarification
Newbie friendliness
25/100

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