Short Definition
Precision measures how many predicted positives are actually positive.
Intuition
Precision asks: when the model says yes, how often is it right?
Technical Definition
Precision is true positives divided by true positives plus false positives.
Example
In spam detection, precision measures how often emails flagged as spam really are spam.
Common Misunderstandings
Precision does not measure how many real positives were found.
Optimizing precision alone can miss many valid positives.