SOLVED: For a data mining classification technique, the validation data set lift charts are shown below. What confidence in the model would you express, given this evidence? Lift Chart (Validation Dataset) Decile-wise Lift Chart (Validation Dataset) 250 200 11 150 100 50 100 2000 cases 3000 1 2 5 6 7 Deciles 10 Cumulative personal loan when sorted using predicted values Cumulative personal loan using average Source: Frontline Systems
SOLVED: For a data mining classification technique, the valid…
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