What does the term “precision” represent in the context of classification model evaluation?

The proportion of true positives
The proportion of true positive predictions among all positive predictions
The proportion of false positives
The proportion of true positives

The correct answer is: B. The proportion of true positive predictions among all positive predictions.

Precision is a measure of a model’s ability to correctly identify positive cases. It is calculated by dividing the number of true positive predictions by the total number of positive predictions. A high precision indicates that the model is good at identifying positive cases, while a low precision indicates that the model is more likely to incorrectly identify negative cases as positive.

Option A is incorrect because it refers to the proportion of true positives, not the proportion of true positive predictions. Option C is incorrect because it refers to the proportion of false positives, not the proportion of true positive predictions. Option D is incorrect because it refers to the proportion of true positives, not the proportion of true positive predictions.