During Classification in Data Mining, a False Positive Is an Occurrence

question 34

True/False

During classification in data mining, a false positive is an occurrence classified as true by the algorithm while being false in reality.

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Definitions:

Forecasting Risk

The potential for a forecast to be inaccurate, which can lead to incorrect business decisions and financial performance assessments.

Sensitivity Analysis

A financial model technique used to determine how different values of an independent variable impact a particular dependent variable under a given set of assumptions.

Base Case

The default scenario in project assessments or financial modeling, representing expected conditions without any changes or shocks.

Worst Case

The most adverse or unfavorable scenario that can happen in a situation.