“On first reading the bootstrap may seem a little like magic. But really it is not.”
I have come across countless such quotes on the internet. I was confused myself, when I came across the concept for the very first time. Bootstrapping is a concept that is widely used in Statistics, and Econometrics. The very basic and simple idea behind the bootstrapping methodology can be a bit confusing, and thus, I have created a small presentation on the topic.
To refer to the presentation, click here