A classification model's misclassification rate on the validation set is a better measure of the model's predictive
Question:
A classification model's misclassification rate on the validation set is a better measure of the model's predictive ability on new (unseen) data than its misclassification rate on the training set. Explain whether this statement is accurate and why that is so.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Asa first step in analytics we partition the data into two data sets the training data and the va...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Forecasting And Predictive Analytics With Forecast X
ISBN: 978-1259903915
7th edition
Authors: J. Holton Wilson, Barry Keating
Question Posted:
Students also viewed these Business questions
-
The validation data set confusion matrix for the Universal Bank data classification model is shown. How many records were in the validation data set? How many of the records were correctly classified...
-
Calculate the classification error rate for the following confusion matrix. Comment on the pattern of misclassifications. How much better did this data mining technique do as compared to a naive...
-
Sandhills Bank would like to increase the number of customers who use payroll direct deposit as part of the rollout of its new e-banking platform. Management has proposed offering an increased...
-
The three courses below represent a polygon. They are consecutive azimuths measured clockwise from North in DMS. Course A to B: 55-35-21 Course B to C: 175-48-19 Course C to A: 293-22-28 Choose the...
-
Hadley Harris is admitted to the partnership of Reamey & Nedia. Prior to her admission, the partnership books show Gabby Reamey's capital balance at $100,000 and Carlos Nedia's at $50,000. Assume...
-
Big Toys Ltd. provides you with the following information relating to the financial year ending on March 31, 20X7. Prepare its balance sheet in the vertical form as at March 31, 20X7. Depreciation...
-
How are phospholipids arranged in the cell membrane?
-
The Yankee Machine Shop currently has three machines working in Work Center 111, eight hours per day, five days per week, a utilization rate of 90 percent, and an efficiency rate of 90 percent. (a)...
-
Determine the Mach number when an aero plane is flying at 800 km/hr. through still air having pressure of 90 kPa and temperature 25C. Take k = 1.4 and R = 287 J/kgK. At the stagnation point of the...
-
A company manufactures large freezers for grocery stores. It is presently trying to plan its production and inventory levels for the next six months. Because of seasonal uctuations in utility and raw...
-
The data below show retail sales at hardware stores in the United States monthly between January 1992 and December 2005. The data are in millions of dollars and are not seasonally adjusted. Date...
-
The first step in data mining procedures according to SAS and IBM/SPSS is to sample the data. Sampling here refers to dividing the data available for analysis into at least two parts: a training data...
-
Marital status (a) Whether the variable is measured at the nominal, ordinal, interval, or ratio level, and (b) Whether it is continuous or discrete.
-
A building material shop owner in Roorkee is going through the last year s inventory cost of cement sacks, a sack of cement costs 5 0 0 Rs . The average monthly demand last year was 1 2 5 0 units,...
-
What is transaction exposure? Discuss the different techniques available to deal with this type of exposure.
-
Explain briefly also give some example Name two types of preferred stock. as introduction Cumulative preferred stock and convertible preferred stock Common preferred stock and non-common preferred...
-
Design appropriate learning and teaching strategies for young children with additional needs in early childhood. Details of task: First you need to select a child with an additional need(s) (e.g.,...
-
Explain the concept and importance of operating/economic exposure? Mention different techniques for managing this type of exposure?
-
Pawnee Inc. has issued three types of debt on January 1, 2019, the start of the company's fiscal year. a. $10 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to...
-
Proposals have been made to ?sail? spacecraft to the outer solar system using the pressure of sunlight, or even to propel interstellar spacecraft with high-powered, Earth-based lasers. Sailing...
-
Identify the determining dimension or dimensions that explain why you bought the specific brand you did in your most recent purchase of a ( a ) soft drink, ( b ) shampoo, ( c ) shirt or blouse, and (...
-
Consumer services tend to be intangible, and goods tend to be tangible. Use an example to explain how the lack of a physical good in a pure service might affect efforts to promote the service.
-
Explain some of the different aspects of the customer experience that could be managed to improve customer satisfaction if you were the marketing manager for: ( a ) an airport branch of a rental car...
-
The first video I have for your discussion is "Shock and Awe:The Story of Electricity" Part 1 is called "Spark"It runs from 0:00 to about 58 min, on the following link....
-
Find the present value of a 1 0 - year annuity of $ 8 0 0 0 per annum, given the interest rate of 6 % for the first year, 7 % for the second year, 8 % for the third year, 9 % for the fourth year, and...
-
The management accounting team of XYZ plc also came up with some questions and requested you to explain/answer them for the upcoming board meeting: 1. A chain of XYZ plc, BHealthy Ltd is a wholesale...
Study smarter with the SolutionInn App