Intro to Business Analytics
Specificity is a statistical measure used to evaluate the performance of a classification model, representing the proportion of true negatives correctly identified. It helps to understand how well a model can identify negative cases without mistakenly classifying them as positive, thus providing insight into its accuracy in distinguishing between different classes. High specificity indicates that the model is effective in minimizing false positives, which is critical in various applications such as medical testing and fraud detection.
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