March 2016
Beginner to intermediate
340 pages
7h 20m
English
We have explored various machine learning techniques and built several models to predict the credit ratings of customers, so now comes the question of which model we should select and how the models compare against each other. Our test data has 130 instances of customers with a bad credit rating (0) and 270 customers with a good credit rating (1).
If you remember, earlier we had talked about using domain knowledge and business requirements after doing modeling to interpret results and make decisions. Right now, our decision is to choose the best model to maximize profits and minimize losses for the German bank. Let us consider the following conditions:
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