Evaluation & metrics
The share of all cases a model gets right; simple to read, but it can look excellent when the thing you care about is rare.
Formal
In classification, the number of correct answers divided by the total number of cases; in a confusion matrix it is the sum of the cells where the answer and the true class agree, divided by the sum of all cells.
In plain English
Like a weather forecaster in the desert who says “no rain” every single day and is right almost every time, yet useless on the one day it pours.
In practice
A data analyst at a shipping company tests a model meant to warn of engine faults; it scores 99.5% accuracy, yet it has never raised a single warning, because faults occur on only one voyage in 200.
Why it matters
It is the number most people quote first, so teams must check whether the classes are balanced before trusting it, and turn to precision, recall or the F1 score when they are not.