Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When creating a decile-wise lift chart, if the lift for the first 10% of the observations (first bar) is about 71, what does that mean?
When creating a decile-wise lift chart, if the lift for the first 10% of the observations (first bar) is about 71, what does that mean? The top 10% of the observations randomly selected contain 7.1x as many Class 1 cases as the 10% of the observations selected by the model O The top 10% of the observations selected by the model contain 10x as many Class 1 cases as the 71% of the observations that are randomly selected O The top 71% of the observations selected by the model contain as many Class 1 cases as the 10% of the observations that are randomly selected O Top 10% of observations selected by model contain 7.1x as many Class 1 cases as the 10% of the observations randomly selected
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started