Question: Assessing Classification/Prediction performance: a) Construct the classification matrix b) Calculate the error rate c) What is the accuracy of this classification? iv. What is the

Assessing Classification/Prediction performance:

a) Construct the classification matrix

b) Calculate the error rate

c) What is the accuracy of this classification? iv. What is the precision of this

d) classification?

e) Calculate the recall or sensitivity of this classification.

A data mining routine has been applied to a transaction dataset and has classified 88 records as fraudulent (30 correctly so) and 952 as nonfraudulent (920 correctly so).

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