Sat.Jun 08, 2019

article thumbnail

Practical Methods for Evaluating Prediction Accuracy

ProductCraft

As product management becomes more data-driven, product teams are increasingly adopting methodologies from data science, analytics, and related fields to inform their strategies. One of these is predictive modeling. When considering whether to deploy a predictive model, your management team might ask, “What is the level of accuracy?” And they’re right to ask that question.