ML6 - Model Assessment and Deployment

ML6 - Model Assessment and Deployment#

6.1 - Model Assessment and Comparison#

Prediction Type

Assessment Measures

Decision

Accuracy, Misclassification, Profit/loss

Ranking

C-statistic, Gini coefficient

Estimate

Average square error, Root mean square error, Schwarz criterion (SC), Akaike’s information criterion (AIC)

\[ \text{Sensitivity} = \frac{\text{TP}}{\text{TP} + \text{FN}} \]
\[ \text{Specificity} = \frac{\text{TN}}{\text{TN} + \text{FP}} \]