Assume a $10 cost for soliciting a non-responder and a $200 profit for soliciting a responder. The logistic regression model gives a probability score named P_R on a SAS data set called VALID. The VALID data set contains the responder variable Pinch, a 1/0 variable coded as 1 for responder. Customers will be solicited when their probability score is more than 0.05.Which SAS program computes the profit for each customer in the data set VALID?
In order to perform honest assessment on a predictive model, what is an acceptable division between training, validation, and testing data?
Refer to the exhibit:Based upon the comparative ROC plot for two competing models, which is the champion model and why?
A marketing campaign will send brochures describing an expensive product to a set of customers. The cost for mailing and production per customer is $50. The company makes $500 revenue for each sale.What is the profit matrix for a typical person in the population?
A confusion matrix is created for data that were oversampled due to a rare target.What values are not affected by this oversampling?
SIMULATION -A linear model has the following characteristics:*A dependent variable (y)*One continuous variable (xl), including a quadratic term (x12)*One categorical (d with 3 levels) predictor variable and an interaction term (d by x1)How many parameters, including the intercept, are associated with this model?Enter your numeric answer in the space below. Do not add leading or trailing spaces to your answer.
