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A non-parametric method of classification and regression. The input consists of the $k$ closest training examples in the feature space. The output is either the mode of the neighbors (in classification) or their mean (in regression).
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Why is the success rate low and yet still better than random guessing?
I'm reading Introduction to Statistical Learning. It mentions on page 166 for KNN modeling that a success rate of 11.7% is more than double that of random guessing. My question is, first what is the s …