Applied Impact Evaluation
Precision refers to the degree of consistency and reproducibility of measurements or estimates in research and data analysis. It reflects how closely repeated measurements yield the same results, indicating the reliability of the data produced, which is crucial when evaluating impact in diverse contexts. High precision is essential in machine learning and big data applications, as it ensures that models provide consistent outputs, thereby improving the accuracy of impact assessments.
congrats on reading the definition of Precision. now let's actually learn it.