Vocabulary Word
Scenario:
I believe our research is showing promising results. However, we need to cross-check the accuracy and ensure what we are reporting is correct.
Response:
Agree, presenting a confusion matrix could give a quantitative measure of our study's accuracy and direct future improvements.
Scenario:
The number of flagged transactions in our system seems off. It's possible the algorithm could be over-marking or some transactions might escape.
Response:
I agree. Maybe we should generate a confusion matrix to assess the accuracy of our fraud detection system.