Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
3rd Edition
ISBN: 9781118729274
Author: Galit Shmueli, Peter C. Bruce, Nitin R. Patel
Publisher: WILEY
bartleby

Concept explainers

Students have asked these similar questions
What is the best way to decide how many epochs of training to perform? It is always obvious looking at the decision boundary when the model begins to overfit. None of the others. As soon as the value of the Testing dataset performance begins to decrease. As soon as the value of the Tuning dataset performance begins to decrease. As soon as the value of the Training dataset performance (accuracy, F1.) begins to decrease. As soon as the value of the Testing dataset loss begins to increase. As soon as the value of the Tuning dataset loss begins to increase. As soon as the value of the Training dataset loss begins to increase.
You decide to run a simpler model to predict churn, using only the variables tenure (in months) and TotalCharges (in US$). The output is given below. The AIC of this model is 4727.6 (in contrast to the AIC of 4240 for the full model). On the basis of this which model would be expected to give superior predictive performance? Actual ## Coefficients: ## Estimate Std. Error z value Pr(>|z|) ## (Intercept) 2.471e-01 5.360e-02 4.611 4.01e-06 *** ## tenure < 2e-16 *** -1.124e-01 5.816e-03 -19.334 ## TotalCharges 8.236e-04 5.618e-05 14.660 < 2e-16 *** ## No --- ## Signif. codes: 0 ## Yes Yes ## Null deviance: 5701.5 on 4921 ## Residual deviance: 4721.6 on 4919 ## AIC: 4727.6 515 345 ## (Dispersion parameter for binomial family taken to be 1) ## Predicted ***** No 795 3267 0.001 Confusion Matrix (Training) **** Actual 0.01 Yes No degrees of freedom degrees of freedom Yes The simpler model (with just tenure and TotalCharges) The full model (with all variables) 0.05 0.1 220 145 Predicted No 339…
Medical records show a sample population of 1000 people, of those 1000 people, 98% do not have a terminal illness and 2% do have a terminal illness. A Health Insurance company would like try out a new cheaper test for terminal illness. Their results show that 98% of the people that do have a terminal illness test positive, while 1% of the people who do not have a terminal illness test positive for one.  A corporation known as Ken’s Kids is concerned about patients that are slipping through the cracks with this new medical testing. If the new medical testing is adopted, what % of the people will be misdiagnosed as not having a terminal illness, but really have one? Assuming a population of 200 million people, how many people that have a terminal illness, given this new testing will never know that they do? (Please show all work , and have a legend for symbols).

Chapter 5 Solutions

Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner

Knowledge Booster
Background pattern image
Computer Science
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Database System Concepts
Computer Science
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:McGraw-Hill Education
Text book image
Starting Out with Python (4th Edition)
Computer Science
ISBN:9780134444321
Author:Tony Gaddis
Publisher:PEARSON
Text book image
Digital Fundamentals (11th Edition)
Computer Science
ISBN:9780132737968
Author:Thomas L. Floyd
Publisher:PEARSON
Text book image
C How to Program (8th Edition)
Computer Science
ISBN:9780133976892
Author:Paul J. Deitel, Harvey Deitel
Publisher:PEARSON
Text book image
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781337627900
Author:Carlos Coronel, Steven Morris
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Computer Science
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education