Receiver Operating Characteristics (ROC) analysis is a useful method for evaluating classification models. ROC curves provide a means to compare individual models and determine thresholds which yield a high proportion of positive hits.
ROC curves are similar to lift charts in that they provide a means of comparison between individual models and determine thresholds which yield a high proportion of positive hits.
The correct value for ROC threshold depends on the problem that the model is trying to solve.
For more information about ROC, see Receiver Operating Characteristics.
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