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Excel has the option to "Set precision as displayed". [c] With this option, depending upon circumstance, accuracy may turn out to be better or worse, but you will know exactly what Excel is doing. (Only the selected precision is retained, and one cannot recover extra digits by reversing this option.) Some similar examples can be found at this ...
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]
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).
In this context, precision is defined as the fraction of documents correctly retrieved compared to the documents retrieved (true positives divided by true positives plus false positives), using a set of ground truth relevant results selected by humans. Recall is defined as the fraction of documents correctly retrieved compared to the relevant ...
Precision and recall. In statistical analysis of binary classification and information retrieval systems, the F-score or F-measure is a measure of predictive performance. It is calculated from the precision and recall of the test, where the precision is the number of true positive results divided by the number of all samples predicted to be positive, including those not identified correctly ...
Precision takes all retrieved documents into account. It can also be evaluated considering only the topmost results returned by the system using Precision@k. Note that the meaning and usage of "precision" in the field of information retrieval differs from the definition of accuracy and precision within other branches of science and statistics.
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Of these, octuple-precision format is rarely used. The single- and double-precision formats are most widely used and supported on nearly all platforms. The use of half-precision format has been increasing especially in the field of machine learning since many machine learning algorithms are inherently error-tolerant.
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