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BGonline.org Forums
Accuracy versus precision
Posted By: Timothy Chow In Response To: Can XG's out-of-the-box default settings be changed so that they match generally agreed settings? (neilkaz)
Date: Sunday, 26 December 2010, at 6:31 p.m.
The distinction between "accuracy" and "precision" may be helpful here.
By the "accuracy" of a bot's equity estimate, I mean how close it is to the true equity.
By the "precision," I mean how close it is to the result of an infinitely long rollout.
Even if we cannot achieve an accuracy of ±0.0001, we can achieve that level of precision just by investing a lot of CPU time, and for investigations into the bot's behavior, that may be valuable.
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