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How do I calculate accuracy from a confusion matrix?

An example of an AI chatbot conversation about calculating accuracy using a confusion matrix.

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You

How do I calculate accuracy from a confusion matrix?

MagicBuddy
MagicBuddy

To calculate accuracy, you can use the formula: Accuracy = (TP + TN) / (TP + TN + FP + FN). Here, TP is true positives, TN is true negatives, FP is false positives, and FN is false negatives.

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You

Can you explain what TP, TN, FP, and FN mean?

MagicBuddy
MagicBuddy

Sure! TP (True Positives) are correctly predicted positive cases, TN (True Negatives) are correctly predicted negative cases, FP (False Positives) are incorrectly predicted positive cases, and FN (False Negatives) are incorrectly predicted negative cases.

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You

What if I have a multi-class confusion matrix?

MagicBuddy
MagicBuddy

In a multi-class confusion matrix, you calculate accuracy the same way, but you sum the true positives and true negatives across all classes.

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You

Is accuracy always a good metric to use?

MagicBuddy
MagicBuddy

Not always! Accuracy can be misleading, especially in imbalanced datasets. It's often better to look at precision, recall, or F1-score.

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