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Python: Data Analytics and Visualization
book

Python: Data Analytics and Visualization

by Phuong Vo.T.H, Martin Czygan, Ashish Kumar, Kirthi Raman
March 2017
Beginner to intermediate
866 pages
18h 4m
English
Packt Publishing
Content preview from Python: Data Analytics and Visualization

Best practices for statistics

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 ...

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Publisher Resources

ISBN: 9781788290098Supplemental ContentPurchase Link