ISM 4420-a small set of predictive model validation results
Table 5.5 shows a small set of predictive model validation results for a classification model with both actual values and propensitiesTable 5.5PropensityActual0.0300.5200.3800.8210.3300.4200.5510.5900.0900.2100.4300.0400.0800.1300.0100.7910.4200.2900.0800.020a. 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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