March 2017
Beginner to intermediate
866 pages
18h 4m
English
Statistics are an integral part of any predictive modelling assignment. Statistics are important because they help us gauge the efficiency of a model. Each predictive model generates a set of statistics, which suggests how good the model is and how the model can be fine-tuned to perform better. The following is a summary of the most widely reported statistics and their desired values for the predictive models described in this book:
|
Algorithms |
Statistics/Parameter |
The desired value of statistics |
|---|---|---|
|
Linear regression |
R2, p-values, F-statistic, and Adj. R2 |
High Adj. R2, low F-statistic, and low p-value |
|
Logistic regression |
Sensitivity, specificity, Area Under the Curve (AUC), and KS statistic |
High AUC (proximity ... |