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Chapter 18,19 (Comparing model pairs (so far, this section’s focus has…
Chapter 18,19
Comparing model pairs
so far, this section’s focus has been on an individual model selected from the top of the leaderboard.
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make the best possible decisions, it may be necessary to return to the business problem in Section II
ases are predicted as positives, and therefore, both the true positive rateand the false positive rateare zero.
remains there until the model begins predicting negative cases, which, in an ROC chart will start to be predicted as positives as the probability distribution threshold moves to the left.
the second criterion is the prediction speed. When a patient is ready to be discharged and their data is uploaded to the model, a probability of readmission can be calculated, and that probability is then translated into a business decision.
the third criterion, speed to buildreflects how long it takes to train a model. This will depend on how much data the model is trained with and the complexity of an algorithm. It is p
the fourth criterion, familiarity with model, assumes that the data scientist (you) is an expert on one of the algorithms and are able to understand the exact meaning of its results.
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mining loan statistics from Lendingclub.com, the site is reported to have facilitated nearly $2 billion of lending in the first quarter of 2017 alone.
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