Question

 What is Precision? Mention its formula.

Topic - Modelling 

Type - Short answer 

Answer 1

Precision is defined as the percentage of true positive cases versus all the cases where the prediction is true.

Precision = True Positive / All Predicted Positives * 100% 

That is, it takes into account the True Positives and False Positives.

Precision = TP / (TP + FP) * 100%

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Study more about Modelling at Modelling Class 10