What is 'probability of deviation' in SAP BI-RA-PA - SAP Predictive Analytics?

probability of deviation - Overview

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Standardized chi-square test. A significant result is above 0.95.

probability of deviation - Details

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  Key Concepts: 
  Probability of Deviation is a measure of the likelihood that a given prediction will deviate from the actual outcome. It is used in SAP Predictive Analytics to assess the accuracy of a predictive model. The probability of deviation is calculated by comparing the predicted values to the actual values and calculating the difference between them. 
  
  How to use it: 
  The probability of deviation can be used to evaluate the accuracy of a predictive model. It is calculated by comparing the predicted values to the actual values and calculating the difference between them. The lower the probability of deviation, the more accurate the model is. 
  
  Tips & Tricks: 
  When evaluating a predictive model, it is important to consider both the accuracy and the probability of deviation. A model with a low probability of deviation may still be inaccurate if it does not accurately predict future outcomes. 
  
  Related Information: 
  The probability of deviation can be used in conjunction with other measures such as precision, recall, and F1 score to evaluate a predictive model. Additionally, it can be used to compare different models and determine which one is most accurate.