Question: Consider a two - class case with classes fraudulent and nonfraudulent. A data mining routine has been applied to a transaction dataset and has classified
Consider a twoclass case with classes fraudulent and nonfraudulent. A data mining routine has been applied to a transaction dataset and has classified records as fraudulent correctly so and as nonfraudulent correctly so Calculate the overall error rate: and the overall accuracy
Hints: construct the classification matrix before calculating them.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
