Model Evaluation Metrics in Machine Learning - KDnuggets

Predictive models have become a trusted advisor to many businesses and for a good reason. These models can "foresee the future", and there are many different methods available, meaning any industry can find one that fits their particular challenges. When we talk about predictive models, we are talking either about a regression model (continuous output) or a classification model (nominal or binary output). While data preparation and training a machine learning model is a key step in the machine learning pipeline, it's equally important to measure the performance of this trained model. How well the model generalizes on the unseen data is what defines adaptive vs non-adaptive machine learning models.