Model evaluation

Concept and definition

Model evaluation

What is Model evaluation?

Model evaluation is a critical process in the development of machine learning models and involves measuring and comparing the performance of models to determine their accuracy and effectiveness. The goal of model evaluation is to determine whether a model is capable of making accurate and consistent predictions on new data.

In the model evaluation process, a test data set is used to test the model and measure its performance in terms of specific metrics, such as accuracy, sensitivity, specificity, F1-score, and others. These metrics allow us to determine how well the model performs on the task for which it has been trained.

In addition to performance metrics, cross-validation techniques can also be used to assess the model's ability to generalise to new data. This is done by dividing the dataset into several training and test subsets and evaluating the model on each subset to determine its ability to make accurate predictions on unseen data.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
What is Buy Now Pay Later (BNPL) and how does it benefit your online business?

The banking sector has undergone considerable transformations over the past 10 years. Especially as banking has become more integrated and [...]

Read More »
The future of automation thanks to Machine Learning

If you've ever wondered how Spotify recommends songs you like or how Siri and Alexa can understand what you say to them... the answer is that you can [...]

Read More »
What credit scoring is and why Artificial Intelligence will change it forever

Credit scoring is a system used to rate credits and thus try to automate the decision making process at the time of purchasing a loan, and to [...]

Read More »
3 contributions of Artificial Intelligence to the telecommunications sector

Artificial intelligence is increasingly used and applied in many sectors, and as it could not be less, it has entered with force in the field of [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies