Base rate
Also written: base-rate trap
How common something is before any evidence. At Kettle & Crane only 0.5% of orders are fraud. Ignoring that low base rate makes a fraud flag look far more trustworthy than it is.
Also written: base-rate trap
How common something is before any evidence. At Kettle & Crane only 0.5% of orders are fraud. Ignoring that low base rate makes a fraud flag look far more trustworthy than it is.