Question: Complete task 4 please Model Good, Actual Bad $50 cost per occurrence (might lose a long term customer) Model Bad, Actual Good $10 cost per

Complete task 4 please "Model Good, Actual Bad"Complete task 4 please "Model Good, Actual Bad"Complete task 4 please "Model Good, Actual Bad"

Complete task 4 please

"Model Good, Actual Bad" $50 cost per occurrence (might lose a long term customer) "Model Bad, Actual Good" $10 cost per occurrence (loss of one sale only) Total 1946 Log Reg 40% Wine Quality Wine Quality Count Bad Good Total C ount Bad Good Total % Total % Col % Col % Row % Row % 9 Bad 981 354 354 1335 Bad 1326 620 15.10 5.45 20.55 o 20.41 9.54 41.15 8.61 55.62 15.07 73.48 26.52 68.14 31.86 Good 1403 3759 5162 1058 3493 21.59 57.86 79.45 16.28 53.76 58.85 91.39 44.38 84.93 27.18 72.82 23.25 76.75 Total 2384 4113 6497 2384 4113 36.69 63.31 36.69 63.31 Log Reg 50% Log Reg 60% Wine Quality Count Bad Good Total Total % Col % Row % Bad 1705 1017 2722 26.24 15.65 41.90 71.52 24.73 62.64 37.36 679 3096 3775 10.45 47.65 58.10 28.48 75.27 17.99 82.01 Total 2384 4113 6497 36.69 63.31 Good Good 70.05 Total 6497 Tack 2 Task 4: Evaluate which candidate model performs best on an economic (cost of errors) basis. Document the intermediate calculations and final values calculated during this task

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!