Stats 2 Chapter 9:
Predictive Data Mining
with verified solutions
_________ is the process of estimating the value of a
categorical outcome variable - answer
classification
in classification, which of the following would be
considered as a categorical variable for a credit
approval decision for a requester - answer reject or
accept credit approval
the effectiveness of a classification method can be
judged by computing the misclassification errors
and summarizing them in a - answer confusion
matrix
test set is the data set used to - answer estimate
accuracy of final model on unseen data
an observation is classified as Class 1 if - answer
the predicted probability of this observation to be
Predictive Data Mining
with verified solutions
_________ is the process of estimating the value of a
categorical outcome variable - answer
classification
in classification, which of the following would be
considered as a categorical variable for a credit
approval decision for a requester - answer reject or
accept credit approval
the effectiveness of a classification method can be
judged by computing the misclassification errors
and summarizing them in a - answer confusion
matrix
test set is the data set used to - answer estimate
accuracy of final model on unseen data
an observation is classified as Class 1 if - answer
the predicted probability of this observation to be
