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A classification algorithm was used to predict Yes/No values for a given training data set, and then the results were applied to 100 observations in a testing data set. The actual Yes/No values and the estimated probabilities of Yes for these 100 observations are listed in the file P14_09.xlsx. Calculate the same accuracy measures as in Figure 14.20 and create the corresponding ROC curve. Comment on how you would use it for future classifications.

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Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659

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Section
BuyFindarrow_forward

Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659
Chapter 14.2, Problem 9P
Textbook Problem
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A classification algorithm was used to predict Yes/No values for a given training data set, and then the results were applied to 100 observations in a testing data set. The actual Yes/No values and the estimated probabilities of Yes for these 100 observations are listed in the file P14_09.xlsx. Calculate the same accuracy measures as in Figure 14.20 and create the corresponding ROC curve. Comment on how you would use it for future classifications.

Summary Introduction

To calculate: The accuracy measures and create the ROC curve.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Explanation of Solution

Accuracy measures:

Formulae to determine the accuracy measures:

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