Laura E. Wood Squier has not received any gifts yet
Posted on October 24, 2013 at 8:00am 0 Comments 0 Likes
Before you select the best model based on your favorite goodness of fit statistic – Mean Squared Error, Gini, K-S, AUC, or misclassification rate – STOP! Model performance metrics are not a one size fits all measure. As an analyst, selecting the right performance metric might mean the difference between having an exceptionally good result, and having no result.
The classic example: There is only a 3% prevalence of the event of interest in my…
ContinuePosted 1 March 2021
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