Gains Charts

Richard Boire

Chapter Chapter 13 in Data Mining for Managers, 2014, pp 115-120 from Palgrave Macmillan

Abstract: Abstract Many different solutions are produced in data mining. As previously discussed, solutions can be both of the statistical and the nonstatistical variety. How is the impact of a given solution assessed? In particular, how is this impact assessed in business terms that are understandable to the business executives? The answer is through validation by what is often referred to as a gains table,

Keywords: Data Mining; Validation Sample; Lorenz Curve; Business Executive; Average Response Rate (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40619-4_13

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DOI: 10.1057/9781137406194_13

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