Regarding bias and variance, which of the following statements are true? (Here 'high' and 'low' are relative to the ideal model.<br>i. Models which overfit are more likely to have high bias<br>ii. Models which overfit are more likely to have low bias<br>iii. Models which overfit are more likely to have high variance<br>iv. Models which overfit are more likely to have low variance

Correct Answer: ii and iii