5.4 Consider Figure 5.12, the decile-wise lift chart for the transaction data model, appliedto new data.9Mean Response0 1 2 3 4 5FIGURE 5.121 2 3 4 56 78 9 10PercentileDECILE-WISE LIFT CHART FOR TRANSACTION DATAa. Interpret the meaning of the first and second bars from the left.b. Explain how you might use this information in practice.c. Another analyst comments that you could improve the accuracy of the model byclassifying everything as nonfraudulent. If you do that, what is the error rate?d. Comment on the usefulness, in this situation, of these two metrics of model per-formance (error rate and lift).

As per Honor code of Bartleby, as an expert we are allowed to answer only the first 3 questions if a…

Answered: Consider Figure 5.12, the decile-wise…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Briefly explain how the organization forecast sales for its products.a. Using historical sales data, choose a quantitative technique to forecast sales for thatorganisation for the next sales period. Comment on the appropriateness of thetechnique used.b. Describe three strategies that the organization uses to compete and comment on theappropriateness of these strategies
For the following line graph, State at least one type of conclusion that could be made from the data provided for the KPI. Suggest one other data source that would provide more information to make data-driven decisions. Explain what information that source would supply. (I used the clustered bar chart) Examples: 1) The completion KPI measures the percentage of South Texas College students who finished their degree or certificate program within six years. From the line graph, it can be seen that the completion rates have remained nearly constant through the years. Data from the THECB was used in this case. 2) Information about the percentage of students who receive credit for attempted courses is available on the South Texas College KPI webpage. According to the data, over the past five years, an increasing number of students have been receiving credit for courses they have attempted. Data on the percentage of students who complete courses, the percentage of students who withdraw…
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Answer the following questions regarding the population of Hamilton County in 2016. a. If you predict the population of Hamilton County in 2016, should you use the average growth rate of 2000-2009 or the average growth rate of 2009-2015? Explain your choice in a complete sentence. b. Predict the population of Hamilton Country in 2016. Show your work. Express your answer in “thousand people” rounded to the nearest whole number.
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This is an MCQ kindly answer with proper explanation
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