What are some real-world examples of classification accuracy?

What are some real-world examples of classification accuracy?

Classification accuracy is crucial in various fields. For instance, in healthcare, it helps in diagnosing diseases accurately.

Can you give me more examples in different industries?

Sure! In finance, classification accuracy is used for credit scoring, while in marketing, it's used for customer segmentation.

How is classification accuracy measured?

It's typically measured using metrics like precision, recall, and F1 score, which evaluate the performance of a classification model.

What are the challenges in achieving high classification accuracy?

Challenges include data quality, class imbalance, and overfitting, which can all impact the model's performance.