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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]
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.
This gives from 6 to 9 significant decimal digits precision. If a decimal string with at most 6 significant digits is converted to the IEEE 754 single-precision format, giving a normal number, and then converted back to a decimal string with the same number of digits, the final result should match the original string. If an IEEE 754 single ...
Precision and recall are then defined as: [12] = + = + Recall in this context is also referred to as the true positive rate or sensitivity, and precision is also referred to as positive predictive value (PPV); other related measures used in classification include true negative rate and accuracy. [12]
Spurious digits that arise from calculations resulting in a higher precision than the original data or a measurement reported with greater precision than the instrument's resolution. A zero after a decimal (e.g., 1.0) is significant, and care should be used when appending such a decimal of zero.
Double-precision floating-point format (sometimes called FP64 or float64) is a floating-point number format, usually occupying 64 bits in computer memory; it represents a wide range of numeric values by using a floating radix point. Double precision may be chosen when the range or precision of single precision would be insufficient.
False precision (also called overprecision, fake precision, misplaced precision and spurious precision) occurs when numerical data are presented in a manner that implies better precision than is justified; since precision is a limit to accuracy (in the ISO definition of accuracy), this often leads to overconfidence in the accuracy, named precision bias.
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.