Reflection: Analytics Buzzwords
Review the terminology in these articles:
Understanding Medical Tests: Sen sitivity, Specificity, and Positive Predictive Value/Health News ReviewLinks to an external site.
Simple Guide to Confusion Matrix Terminology/DataSchoolLinks to an external site.
Overfitting and Underfitting With Machine Learning Algorithms/Machine Learning MasteryLinks to an external site.
Using your own words, in a couple of sentences explain the following terms:
- accuracy
- misclassification rate
- precision
- prevalence
- overfitting
- noise
- true positive
- true negative
- false positive
- false negative.
After defining the terms, in 2-3 pages, explain these terms and why they are important to do a statistical analysis.