How do you measure the performance of your machine learning model for prediction?
Evaluating the performance of your machine learning model is a critical step in the data analytics process. It's essential to understand how well your model predicts outcomes, as this directly impacts the effectiveness of your data-driven decisions. Whether you're working with regression or classification models, several metrics can help you gauge accuracy, precision, and other aspects of model performance. By meticulously tracking these metrics, you can refine your model, improve predictions, and ensure that your data analytics efforts yield reliable and actionable insights.