alternative data mining models CRM and DM Assignment 1 1. Given the following data, alternative data mining

alternative data mining models

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CRM and DM Assignment 1 1. Given the following data, alternative data mining models have been applied on a test set of data. What appears to be the best model? Subject Actual Regression Fred Herman George Frieda Hermione good good had good good good good good bad good . Clustering good bad bad good bad Neural Net good good bad good bad Rule-Based good bad bad bad good 2. Do the confusion matrix for each of the four models in problem 1. 3. In problem 2, the regression and neural net models had the same number of errors. Why might the results of one model be considered better than the results of the other? 4. In problem 1. given relative error costs of the model calling an actually good outcome bad to be $100 and calling an actually bad outcome good to be $500, what is the total cost of errors for cach of the four models? CRM and DM Assignment 1 1. Given the following data, alternative data mining models have been applied on a test set of data. What appears to be the best model? Subject Actual Regression Fred Herman George Frieda Hermione good good had good good good good good bad good . Clustering good bad bad good bad Neural Net good good bad good bad Rule-Based good bad bad bad good 2. Do the confusion matrix for each of the four models in problem 1. 3. In problem 2, the regression and neural net models had the same number of errors. Why might the results of one model be considered better than the results of the other? 4. In problem 1. given relative error costs of the model calling an actually good outcome bad to be $100 and calling an actually bad outcome good to be $500, what is the total cost of errors for cach of the four models?

Answer rating: 100% (QA)

ANSWER1 Solution The accuracy of the model can be de... View the full answer