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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] As such, it compares estimates of pre- and post-test probability.
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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 fundamental prevalence-independent statistics are sensitivity and specificity.. Sensitivity or True Positive Rate (TPR), also known as recall, is the proportion of people that tested positive and are positive (True Positive, TP) of all the people that actually are positive (Condition Positive, CP = TP + FN).
2. Price Convexity and Skewness by Jianguo Xu in Journal of Finance, 2007, vol. 62, issue 5, pages 2521-2552. On page 2525, Precision is defined as the reciprocal of variance. 3. some research paper in finance, use Precision weighted portfolio. after you verify it, i guess you will change this article and variance.
CRAAP is an acronym for Currency, Relevance, Authority, Accuracy, and Purpose. [1] Due to a vast number of sources existing online, it can be difficult to tell whether these sources are trustworthy to use as tools for research. The CRAAP test aims to make it easier for educators and students to determine if their sources can be trusted.
It was proposed in 2005 by statistician Rob J. Hyndman and Professor of Decision Sciences Anne B. Koehler, who described it as a "generally applicable measurement of forecast accuracy without the problems seen in the other measurements."
"the usefulness, accuracy, and correctness of data for its application" [10] Arguably, in all these cases, "data quality" is a comparison of the actual state of a particular set of data to a desired state, with the desired state being typically referred to as "fit for use," "to specification," "meeting consumer expectations," "free of defect ...