Accuracy Formula:
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Definition: Accuracy is a metric that measures the proportion of correct predictions (both true positives and true negatives) among the total number of cases examined.
Purpose: It provides a simple way to evaluate the performance of a classification model in machine learning and statistics.
The calculator uses the formula:
Where:
Explanation: Accuracy is calculated by dividing the number of correct predictions by the total number of predictions.
Details: While accuracy is a fundamental metric, it may not tell the whole story, especially with imbalanced datasets. It's most useful when the classes are roughly equally distributed.
Tips: Enter the counts for true positives, true negatives, false positives, and false negatives from your confusion matrix. All values must be ≥ 0.
Q1: What is a good accuracy score?
A: It depends on the context. For binary classification with balanced classes, >80% is often good, but compare against a baseline model.
Q2: When shouldn't I use accuracy?
A: Accuracy can be misleading with imbalanced datasets (e.g., 95% negative cases). Consider precision, recall, or F1 score instead.
Q3: Can accuracy be greater than 1?
A: No, accuracy ranges from 0 (worst) to 1 (best), representing the proportion of correct predictions.
Q4: What's the difference between accuracy and precision?
A: Accuracy measures overall correctness, while precision measures how many selected items are relevant (TP/(TP+FP)).
Q5: How do I get these values from my model?
A: Most machine learning libraries can generate a confusion matrix that provides TP, TN, FP, FN counts.