Finding an Optimal Classification based on Cost and Profit
This workflow trains a classification model using the Linear Regression algorithm. The class prediction is evaluated by overall accuracy and profit statistics. To calculate the profit statistics, classification results are weighted by the values in a predefined profit matrix. The values in the profit matrix depend on the final goal of the classification model.
URL: How to Optimize the Classification Threshold https://www.knime.com/blog/from-modeling-to-scoring
URL: Scoring Metrics eBook https://www.knime.com/knimepress/scoring-metrics-evaluating-machine-learning-models
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