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.