Question: Use Result 3 to readjust the adjusted misclassification costs, so that the readjusted false negative cost is $1. Interpret the readjusted false positive and false
Use Result 3 to readjust the adjusted misclassification costs, so that the readjusted false negative cost is $1. Interpret the readjusted false positive and false negative costs. For Exercises 33–42, consider two classification models: Model 1 is a naïve model with no misclassification costs, and Model 2 uses the cost matrix you constructed earlier. Which model do you expect to perform better according to the following measures, and why?
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