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E.g. a scale that is 5 pounds off is reliable but not valid. A test cannot be valid unless it is reliable. Validity is also dependent on the measurement measuring what it was designed to measure, and not something else instead. [6] Validity (similar to reliability) is a relative concept; validity is not an all-or-nothing idea.
Accuracy is also used as a statistical measure of how well a binary classification test correctly identifies or excludes a condition. That is, the accuracy is the proportion of correct predictions (both true positives and true negatives) among the total number of cases examined. [10] As such, it compares estimates of pre- and post-test probability.
A training data set is a data set of examples used during the learning process and is used to fit the parameters (e.g., weights) of, for example, a classifier. [9] [10]For classification tasks, a supervised learning algorithm looks at the training data set to determine, or learn, the optimal combinations of variables that will generate a good predictive model. [11]
Data validation is intended to provide certain well-defined guarantees for fitness and consistency of data in an application or automated system. Data validation rules can be defined and designed using various methodologies, and be deployed in various contexts. [1]
All data sourced from a third party to organization's internal teams may undergo accuracy (DQ) check against the third party data. These DQ check results are valuable when administered on data that made multiple hops after the point of entry of that data but before that data becomes authorized or stored for enterprise intelligence.
The hypothesis to be tested is if D is within the acceptable range of accuracy. Let L = the lower limit for accuracy and U = upper limit for accuracy. Then H 0 L ≤ D ≤ U. versus H 1 D < L or D > U. is to be tested. The operating characteristic (OC) curve is the probability that the null hypothesis is accepted when it is true.
In a classification task, the precision for a class is the number of true positives (i.e. the number of items correctly labelled as belonging to the positive class) divided by the total number of elements labelled as belonging to the positive class (i.e. the sum of true positives and false positives, which are items incorrectly labelled as belonging to the class).
The positive predictive value (PPV), or precision, is defined as = + = where a "true positive" is the event that the test makes a positive prediction, and the subject has a positive result under the gold standard, and a "false positive" is the event that the test makes a positive prediction, and the subject has a negative result under the gold standard.