Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion

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Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion of records classified as fraudulent. Describe how moving the threshold up or down would affect the following:

a. The classification error rate for records that are truly fraudulent.

b. The classification error rate for records that are truly non-fraudulent.

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Data Mining For Business Analytics Concepts Techniques And Applications With Jmp Pro

ISBN: 9781118877432

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Authors: Galit Shmueli, Peter C Bruce, Mia L Stephens, Nitin R Patel

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Question Posted: Mar 28, 2024 07:01 AM

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Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion

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Data Mining For Business Analytics Concepts Techniques And Applications With Jmp Pro

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