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blackshaw | 2 years ago
The real way to measure predictive accuracy is to find _all_ the times they gave something a 25% chance of happening. If the predictions are accurate then roughly 25% of those things should have happened.
blackshaw | 2 years ago
The real way to measure predictive accuracy is to find _all_ the times they gave something a 25% chance of happening. If the predictions are accurate then roughly 25% of those things should have happened.
nojs|2 years ago
What you should optimise instead is something like log loss between the given probability and the true outcome (0 or 1). That way you’re rewarded not only for being right, but for being confident and right.