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What is the Base Rate Fallacy? (Easiest Explanation)
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The Base Rate Fallacy A test can be 99% accurate and still be wrong most of the time. When you ignore how rare something is, you overtrust the result. Accuracy without context is misleading. That’s the base rate fallacy. Tags #DataScience #BaseRateFallacy #Statistics #DataThinking #RiskAnalysis #TechCareers #Prachub
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