Question: Table 5.5 shows a small set of predictive model validation results for a classification model with both actual values and propensities Table 5.5 Propensity Actual

Table 5.5 shows a small set of predictive model validation results for a classification model with both actual values and propensities

Table 5.5
Propensity Actual
0.03 0
0.52 0
0.38 0
0.82 1
0.33 0
0.42 0
0.55 1
0.59 0
0.09 0
0.21 0
0.43 0
0.04 0
0.08 0
0.13 0
0.01 0
0.79 1
0.42 0
0.29 0
0.08 0
0.02

0

a. Calculate error rates, sensitivity and specificity using cutoff of 0.25, 0.5, and 0.75.

b) Using a cutoff of 0.5, create a decile lift chart. First create a table where column 1 is the decile and column 2 is the lift ratio for each decile. Then, use a bar chart to plot the decile lift chart using the two columns of the table.

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