bootstrapping

[ˈbuːtstræpɪŋ]

bootstrapping Definition

• 1. the process of starting a business or project with little funding or resources, and relying on personal ingenuity and hard work to generate revenue and growth
• 2. a technique in statistics for estimating the sampling distribution of an estimator by resampling with replacement from the original sample

Using bootstrapping: Examples

Take a moment to familiarize yourself with how "bootstrapping" can be used in various situations through the following examples!

• Example

  The company was founded through bootstrapping, with the founders investing their own money and working long hours to get the business off the ground.

• Example

  Bootstrapping is a common strategy for startups that don't have access to external funding.

• Example

  The statistical method of bootstrapping involves repeatedly resampling the data to estimate the sampling distribution of a statistic.

bootstrapping Synonyms and Antonyms

Synonyms for bootstrapping

• self-sustaining
• self-reliant
• self-sufficient

Phrases with bootstrapping

• bootstrap paradox

  a paradox in time travel where an object or information exists without any origin, because it was sent back in time by someone who obtained it from the future

  Example

  The movie 'Interstellar' features a bootstrap paradox where a character receives information from himself in the future.

• bootstrap method

  a statistical technique for estimating the accuracy of a sample statistic by repeatedly resampling the data and calculating the statistic for each resample

  Example

  The bootstrap method is useful when the underlying distribution of the data is unknown or difficult to model.

• bootstrap framework

  a popular front-end web development framework that provides pre-designed HTML, CSS, and JavaScript components for building responsive and mobile-first websites

  Example

  Many web developers use the Bootstrap framework to speed up the development process and ensure cross-browser compatibility.

Origins of bootstrapping

from the phrase 'pull oneself up by one's bootstraps'

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Summary: bootstrapping in Brief

Bootstrapping [ˈbuːtstræpɪŋ] refers to starting a business or project with minimal resources and relying on personal ingenuity and hard work to generate revenue and growth. It is a common strategy for startups that lack external funding. In statistics, bootstrapping is a technique for estimating the sampling distribution of an estimator by resampling with replacement from the original sample.