prediction accuracy

How is Prediction Accuracy Measured?

Prediction accuracy can be evaluated using various metrics, such as:
1. Accuracy: The proportion of true results (both true positives and true negatives) among the total number of cases examined.
2. Sensitivity (Recall): The ability of the model to correctly identify patients with cancer.
3. Specificity: The ability of the model to correctly identify patients without cancer.
4. Precision: The proportion of true positive results among all positive results.
5. Area Under the Receiver Operating Characteristic Curve (AUC-ROC): A performance measurement for classification problems at various threshold settings.

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