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)

$$\text{Sensitivity}=\frac{\text{TP}}{\text{TP}+\text{FN}}$$

$$\text{Specificity}=\frac{\text{TN}}{\text{TN}+\text{FP}}$$