Question: Use excel solve it Thanks 5.7 Table 5.5 shows a small set of predictive model validation results for a classification model, with both actual values

Use excel solve it Thanks
 Use excel solve it Thanks 5.7 Table 5.5 shows a small

5.7 Table 5.5 shows a small set of predictive model validation results for a classification model, with both actual values and propensities. a. Calculate error rates, sensitivity and specificity using cutoffs 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. TABLE 5.5 PROPENSITIES AND ACTUAL CLASS MEMBERSHIP FOR VALIDATION DATA Propensity Actual OOOOO 0.03 0.52 0.38 0.82 0.33 0.42 0.55 0.59 0.09 0.21 0.43 0.04 0.08 0.13 0.01 0.79 0.42 0.29 0.08 0.02 0 1 0 0 0 0 0 0 0 0 1 0 0 OOO

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 Accounting Questions!