Model Accuracy Metric

Definition ∞ A model accuracy metric quantifies how well a predictive or analytical model performs in correctly identifying or forecasting outcomes. This measurement assesses the proximity of a model’s outputs to actual observed data. Common examples include precision, recall, F1-score, or mean squared error. A high accuracy metric indicates a reliable model for its intended purpose.
Context ∞ Model accuracy metrics are frequently referenced in news regarding algorithmic trading strategies, risk assessment tools, and fraud detection systems within the digital asset space. Discussions often center on the challenges of maintaining high accuracy amidst volatile market conditions or evolving attack vectors. The ongoing pursuit of improved model accuracy is essential for enhancing the reliability of blockchain-based applications.