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ML Model Evaluation

Beautiful Mountain River_080222A
[Beautiful Mountain River - Lexi Brewere]

- Overview

Model evaluation in machine learning is the process of assessing a machine learning (ML) model's performance, strengths, and weaknesses. It's important for determining if a model is useful, accurate, and reliable, and for helping organizations achieve their business goals. 

Here are some key aspects of model evaluation:

  • Predictive accuracy: How well a model can make accurate predictions on new data.
  • Generalization: The ability of a model to make good predictions on
  • new, unseen data.
  • Evaluation metrics: Quantitative metrics like F1 score or RMSE, or qualitative assessments by subject matter experts.
  • Evaluation methods: Splitting data into training and testing sets, and training the model on the training set before evaluating it on the testing set.
  • Evaluation timing: Model evaluation can be performed offline during experimentation or continuous retraining, or online as part of model monitoring.
  • Evaluation goals: The metrics chosen should reflect the business metrics that the machine learning solution is intended to optimize.

In ML, model evaluation involves measuring the predictive accuracy of a model. Predictive accuracy refers to how well a model can make accurate predictions on unseen data. 

 

[More to come ...]


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