3 ms·
What does 50% precision mean in this case? I know 50% accuracy might mean P(fraud_predicted | fraud) = 50%, but I don't understand what you mean by precision?
by btdmaster 2y ago
What does 50% precision mean in this case? I know 50% accuracy might mean P(fraud_predicted | fraud) = 50%, but I don't understand what you mean by precision?
- chychiu 2y agoPrecision = True Positive / (True Positive + False Positive) = 1 - False Positive Rate On that note, I'm surprised the precision / recall for fin models are 80% / 50%
- disgruntledphd2 2y agoThey are obviously relatively low stakes, otherwise I'd be super worried.