Use the data in the preceding exercise. a. What is the lift that the classification model provides
Question:
Use the data in the preceding exercise.
a. What is the lift that the classification model provides if 5 observations are selected by the model compared to randomly selecting 5 observations?
b. What is the lift that the classification model provides if 8 observations are selected by the model compared to randomly selecting 8 observations?
Data from Exercises 23
Answer the following questions using the accompanying data set that lists the actual class memberships and predicted Class 1 (target class) probabilities for 10 observations.
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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