The positive predictive value (PPV), also known as the precision, answers the question: "Given a positive prediction of my model, how likely is it to be correct?"
Its formula is given as the following:
Positive predictive value (PPV)
The positive predictive value (PPV), also known as the precision, answers the question: "Given a positive prediction of my model, how likely is it to be correct?"
Its formula is given as the following: