In many systems, a model will try to predict an outcode which can later be verified – for example, whether or not a user will buy an insurance policy.
In such cases, we refer to the real-world outcome as the actual value of the prediction
In many systems, a model will try to predict an outcode which can later be verified – for example, whether or not a user will buy an insurance policy.
In such cases, we refer to the real-world outcome as the actual value of the prediction