Question: Table 5,7 shows a small set of predictive model validation results for a classification model, with both actual values and propensities. a. Calculate error rates,

Table 5,7 shows a small set of predictive model validation results for a classification model, with both actual values and propensities.

a. Calculate error rates, sensitivity, and specificity using cutoffs of 0.25, 0.5, and 0.75.

b. Create a decile lift chart.

TABLE 5.7 PROPENSITIES AND ACTUAL CLASS MEMBERSHIP FOR VALIDATION DATA Propensity of

TABLE 5.7 PROPENSITIES AND ACTUAL CLASS MEMBERSHIP FOR VALIDATION DATA Propensity of 1 Actual 0.03 0 0.52 0 0.38 0 0.82 1 0.33 0 0.42 0 0.55 1 0.59 0 0.09 0 0.21 0 0.43 0 0.04 0 0.08 0 0.13 0 0.01 0 0.79 1 0.42 0 0.29 0 0.08 0 0.02 0

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