This document provides a comprehensive overview of performance measures used to evaluate machine learning classification models. It discusses measures based on confusion matrices (e.g. accuracy, recall, precision), probability deviations (e.g. mean absolute error, brier score, cross entropy), and discriminatory power (e.g. ROC curves, AUC). The document highlights limitations of individual measures and proposes a framework to construct a new composite measure based on voting results from existing measures to better evaluate model performance.
Evaluation metric plays a critical role in achieving the optimal classifier during the classification training.
Thus, a selection of suitable evaluation metric is an important key for discriminating and obtaining the
optimal classifier. This paper systematically reviewed the related evaluation metrics that are specifically
designed as a discriminator for optimizing generative classifier. Generally, many generative classifiers
employ accuracy as a measure to discriminate the optimal solution during the classification training.
However, the accuracy has several weaknesses which are less distinctiveness, less discriminability, less
informativeness and bias to majority class data. This paper also briefly discusses other metrics that are
specifically designed for discriminating the optimal solution. The shortcomings of these alternative metrics
are also discussed. Finally, this paper suggests five important aspects that must be taken into consideration
in constructing a new discriminator metric.
PREDICTING CLASS-IMBALANCED BUSINESS RISK USING RESAMPLING, REGULARIZATION, A...IJMIT JOURNAL
We aim at developing and improving the imbalanced business risk modeling via jointly using proper evaluation criteria, resampling, cross-validation, classifier regularization, and ensembling techniques. Area Under the Receiver Operating Characteristic Curve (AUC of ROC) is used for model comparison based on 10-fold cross validation. Two undersampling strategies including random undersampling (RUS) and cluster centroid undersampling (CCUS), as well as two oversampling methods including random oversampling (ROS) and Synthetic Minority Oversampling Technique (SMOTE), are applied. Three highly interpretable classifiers, including logistic regression without regularization (LR), L1-regularized LR (L1LR), and decision tree (DT) are implemented. Two ensembling techniques, including Bagging and Boosting, are applied on the DT classifier for further model improvement. The results show that, Boosting on DT by using the oversampled data containing 50% positives via SMOTE is the optimal model and it can achieve AUC, recall, and F1 score valued 0.8633, 0.9260, and 0.8907, respectively.
PREDICTING CLASS-IMBALANCED BUSINESS RISK USING RESAMPLING, REGULARIZATION, A...IJMIT JOURNAL
We aim at developing and improving the imbalanced business risk modeling via jointly using proper
evaluation criteria, resampling, cross-validation, classifier regularization, and ensembling techniques.
Area Under the Receiver Operating Characteristic Curve (AUC of ROC) is used for model comparison
based on 10-fold cross validation. Two undersampling strategies including random undersampling (RUS)
and cluster centroid undersampling (CCUS), as well as two oversampling methods including random
oversampling (ROS) and Synthetic Minority Oversampling Technique (SMOTE), are applied. Three highly
interpretable classifiers, including logistic regression without regularization (LR), L1-regularized LR
(L1LR), and decision tree (DT) are implemented. Two ensembling techniques, including Bagging and
Boosting, are applied on the DT classifier for further model improvement. The results show that, Boosting
on DT by using the oversampled data containing 50% positives via SMOTE is the optimal model and it can
achieve AUC, recall, and F1 score valued 0.8633, 0.9260, and 0.8907, respectively.
On Confidence Intervals Construction for Measurement System Capability Indica...IRJESJOURNAL
Abstract: There are many criteria that have been proposed to determine the capability of a measurement system, all based on estimates of variance components. Some of them are the Precision to Tolerance Ratio, the Signal to Noise Ratio and the probabilities of misclassification. For most of these indicators, there are no exact confidence intervals, since the exact distributions of the point estimators are not known. In such situations, two approaches are widely used to obtain approximate confidence intervals: the Modified Large Samples (MLS) methods initially proposed by Graybill and Wang, and the construction of Generalized Confidence Intervals (GCI) introduced by Weerahandi. In this work we focus on the construction of the confidence intervals by the generalized approach in the context of Gauge repeatability and reproducibility studies. Since GCI are obtained by simulation procedures, we analyze the effect of the number of simulations on the variability of the confidence limits as well as the effect of the size of the experiment designed to collect data on the precision of the estimates. Both studies allowed deriving some practical implementation guidelinesin the use of the GCI approach. We finally present a real case study in which this technique was applied to evaluate the capability of a destructive measurement system.
Evaluation metric plays a critical role in achieving the optimal classifier during the classification training.
Thus, a selection of suitable evaluation metric is an important key for discriminating and obtaining the
optimal classifier. This paper systematically reviewed the related evaluation metrics that are specifically
designed as a discriminator for optimizing generative classifier. Generally, many generative classifiers
employ accuracy as a measure to discriminate the optimal solution during the classification training.
However, the accuracy has several weaknesses which are less distinctiveness, less discriminability, less
informativeness and bias to majority class data. This paper also briefly discusses other metrics that are
specifically designed for discriminating the optimal solution. The shortcomings of these alternative metrics
are also discussed. Finally, this paper suggests five important aspects that must be taken into consideration
in constructing a new discriminator metric.
PREDICTING CLASS-IMBALANCED BUSINESS RISK USING RESAMPLING, REGULARIZATION, A...IJMIT JOURNAL
We aim at developing and improving the imbalanced business risk modeling via jointly using proper evaluation criteria, resampling, cross-validation, classifier regularization, and ensembling techniques. Area Under the Receiver Operating Characteristic Curve (AUC of ROC) is used for model comparison based on 10-fold cross validation. Two undersampling strategies including random undersampling (RUS) and cluster centroid undersampling (CCUS), as well as two oversampling methods including random oversampling (ROS) and Synthetic Minority Oversampling Technique (SMOTE), are applied. Three highly interpretable classifiers, including logistic regression without regularization (LR), L1-regularized LR (L1LR), and decision tree (DT) are implemented. Two ensembling techniques, including Bagging and Boosting, are applied on the DT classifier for further model improvement. The results show that, Boosting on DT by using the oversampled data containing 50% positives via SMOTE is the optimal model and it can achieve AUC, recall, and F1 score valued 0.8633, 0.9260, and 0.8907, respectively.
PREDICTING CLASS-IMBALANCED BUSINESS RISK USING RESAMPLING, REGULARIZATION, A...IJMIT JOURNAL
We aim at developing and improving the imbalanced business risk modeling via jointly using proper
evaluation criteria, resampling, cross-validation, classifier regularization, and ensembling techniques.
Area Under the Receiver Operating Characteristic Curve (AUC of ROC) is used for model comparison
based on 10-fold cross validation. Two undersampling strategies including random undersampling (RUS)
and cluster centroid undersampling (CCUS), as well as two oversampling methods including random
oversampling (ROS) and Synthetic Minority Oversampling Technique (SMOTE), are applied. Three highly
interpretable classifiers, including logistic regression without regularization (LR), L1-regularized LR
(L1LR), and decision tree (DT) are implemented. Two ensembling techniques, including Bagging and
Boosting, are applied on the DT classifier for further model improvement. The results show that, Boosting
on DT by using the oversampled data containing 50% positives via SMOTE is the optimal model and it can
achieve AUC, recall, and F1 score valued 0.8633, 0.9260, and 0.8907, respectively.
On Confidence Intervals Construction for Measurement System Capability Indica...IRJESJOURNAL
Abstract: There are many criteria that have been proposed to determine the capability of a measurement system, all based on estimates of variance components. Some of them are the Precision to Tolerance Ratio, the Signal to Noise Ratio and the probabilities of misclassification. For most of these indicators, there are no exact confidence intervals, since the exact distributions of the point estimators are not known. In such situations, two approaches are widely used to obtain approximate confidence intervals: the Modified Large Samples (MLS) methods initially proposed by Graybill and Wang, and the construction of Generalized Confidence Intervals (GCI) introduced by Weerahandi. In this work we focus on the construction of the confidence intervals by the generalized approach in the context of Gauge repeatability and reproducibility studies. Since GCI are obtained by simulation procedures, we analyze the effect of the number of simulations on the variability of the confidence limits as well as the effect of the size of the experiment designed to collect data on the precision of the estimates. Both studies allowed deriving some practical implementation guidelinesin the use of the GCI approach. We finally present a real case study in which this technique was applied to evaluate the capability of a destructive measurement system.
PROVIDING A METHOD FOR DETERMINING THE INDEX OF CUSTOMER CHURN IN INDUSTRYIJITCA Journal
Churn customer, one of the most important issues in customer relationship management and marketing is especially in industries such as telecommunications, the financial and insurance. In recent decades much
research has been done in this area. In this research, the index set for the reasons set reason churn customers for our customers is of particular importance. In this study we are intended to provide a formula for the index churn customers, the better to understand the reasons for customers to provide churn. Therefore, in order to evaluate the formula provided through six Classification methods (Decision tree QUEST, Decision tree C5.0, Decision tree CHAID, Decision trees CART, Bayesian network, Neural network) to evaluate the formula will be involved with individual indicators
Software Cost Estimation Using Clustering and Ranking SchemeEditor IJMTER
Software cost estimation is an important task in the software design and development process.
Planning and budgeting tasks are carried out with reference to the software cost values. A variety of
software properties are used in the cost estimation process. Hardware, products, technology and
methodology factors are used in the cost estimation process. The software cost estimation quality is
measured with reference to the accuracy levels.
Software cost estimation is carried out using three types of techniques. They are regression based
model, anology based model and machine learning model. Each model has a set of technique for the
software cost estimation process. 11 cost estimation techniques fewer than 3 different categories are
used in the system. The Attribute Relational File Format (ARFF) is used maintain the software product
property values. The ARFF file is used as the main input for the system.
The proposed system is designed to perform the clustering and ranking of software cost
estimation methods. Non overlapped clustering technique is enhanced with optimal centroid estimation
mechanism. The system improves the clustering and ranking process accuracy. The system produces
efficient ranking results on software cost estimation methods.
Instance Selection and Optimization of Neural NetworksITIIIndustries
Credit scoring is an important tool in financial institutions, which can be used in credit granting decision. Credit applications are marked by credit scoring models and those with high marks will be treated as “good”, while those with low marks will be regarded as “bad”. As data mining technique develops, automatic credit scoring systems are warmly welcomed for their high efficiency and objective judgments. Many machine learning algorithms have been applied in training credit scoring models, and ANN is one of them with good performance. This paper presents a higher accuracy credit scoring model based on MLP neural networks trained with back propagation algorithm. Our work focuses on enhancing credit scoring models in three aspects: optimize data distribution in datasets using a new method called Average Random Choosing; compare effects of training-validation-test instances numbers; and find the most suitable number of hidden units. Another contribution of this paper is summarizing the tendency of scoring accuracy of models when the number of hidden units increases. The experiment results show that our methods can achieve high credit scoring accuracy with imbalanced datasets. Thus, credit granting decision can be made by data mining methods using MLP neural networks.
COMPARISON OF BANKRUPTCY PREDICTION MODELS WITH PUBLIC RECORDS AND FIRMOGRAPHICScscpconf
Many business operations and strategies rely on bankruptcy prediction. In this paper, we aim to
study the impacts of public records and firmographics and predict the bankruptcy in a 12-
month-ahead period with using different classification models and adding values to traditionally
used financial ratios. Univariate analysis shows the statistical association and significance of
public records and firmographics indicators with the bankruptcy. Further, seven statistical
models and machine learning methods were developed, including Logistic Regression, Decision
Tree, Random Forest, Gradient Boosting, Support Vector Machine, Bayesian Network, and
Neural Network. The performance of models were evaluated and compared based on
classification accuracy, Type I error, Type II error, and ROC curves on the hold-out dataset.
Moreover, an experiment was set up to show the importance of oversampling for rare event
prediction. The result also shows that Bayesian Network is comparatively more robust than
other models without oversampling.
This paper provides a structured way of thinking the design and construction of a composite indicator whose purpose is to facilitate ranking EU countries by Health System Performance and/or assess their progress over time on complex and multi-dimensional health issues.
Forecasting operational risk losses for CCAR poses a number of challenges, not least of which is uncertainty about the best methodology for modeling the relationship between a bank’s future losses and the macroeconomic environment.
Grant Selection Process Using Simple Additive Weighting Approachijtsrd
Selection of educational grant is a key success factor for student learning and academic performance. Among popular methods, this paper contributes a real problem of selecting educational grant using data of grant application forms by one of the multi criteria decision making model, SAW method. This paper introduces nine criteria that are qualitative and positive for selecting grant for the students amongst fifteen application forms and also ranking them. Finally, the proposed method is demonstrated in a case study on selecting educational grant for students. Kyi Kyi Myint | Tin Tin Soe | Myint Myint Toe ""Grant Selection Process Using Simple Additive Weighting Approach"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25169.pdf
Paper URL: https://www.ijtsrd.com/computer-science/simulation/25169/grant-selection-process-using-simple-additive-weighting-approach/kyi-kyi-myint
How to establish and evaluate clinical prediction models - StatsworkStats Statswork
A clinical prediction model can be used in various clinical contexts, including screening for asymptomatic illness, forecasting future events such as disease, and assisting doctors in their decision-making and health education. Despite the positive effects of clinical prediction models on practice, prediction modelling is a difficult process that necessitates meticulous statistical analysis and sound clinical judgments. Statswork offers statistical services as per the requirements of the customers. When you Order statistical Services at Statswork, we promise you the following always on Time, outstanding customer support, and High-quality Subject Matter Experts.
Read More With Us: https://bit.ly/3dxn32c
Why Statswork?
Plagiarism Free | Unlimited Support | Prompt Turnaround Times | Subject Matter Expertise | Experienced Bio-statisticians & Statisticians | Statistics across Methodologies | Wide Range of Tools & Technologies Supports | Tutoring Services | 24/7 Email Support | Recommended by Universities
Contact Us:
Website: www.statswork.com
Email: info@statswork.com
United Kingdom: 44-1143520021
India: 91-4448137070
WhatsApp: 91-8754446690
Scoring and predicting risk preferencesGurdal Ertek
This study presents a methodology to determine risk scores of individuals, for a given financial risk preference survey. To this end, we use a regression based iterative algorithm to determine the weights for survey questions in the scoring process. Next, we generate classification models to classify individuals into risk-averse and risk-seeking categories, using a subset of survey questions. We illustrate the methodology through a sample survey with 656 respondents. We find that the demographic (indirect) questions can be almost as successful as risk-related (direct) questions in predicting risk preference classes of respondents. Using a decision-tree based classification model, we discuss how one can
generate actionable business rules based on the findings.
http://research.sabanciuniv.edu.
3rd alex marketing club (pharmaceutical forecasting) dr. ahmed sham'aMahmoud Bahgat
#Mahmoud_Bahgat
#Marketing_Club
Join us by WhatsApp to me 00966568654916
*اشترك في صفحة ال Marketing Club* عالفيسبوك
https://www.facebook.com/MarketingTipsPAGE/
*اشترك في جروب ال Marketing Club* عالفيسبوك
https://www.facebook.com/groups/837318003074869/
*Marketing Club Middle East*
25 Meetings in 6 Cities in 1 year & 2 months
Since October 2015
*We have 6 groups whatsapp*
*for almost 600 marketers*
From all middle east
*since 5 years*
& now 10 more groups
For Marketing Club Lovers as future Marketers
أهم حاجة الشروط
*Only marketers*
From all Industries
No students
*No sales*
*No hotels Reps*
*No restaurants Reps*
*No Travel Agents*
*No Advertising Agencies*
*Many have asked to Attend the Club*
((We Wish All can Attend,But Cant..))
*Criteria of Marketing Club Members*
•••••••••••••••••••••••••••••••••••••
For Better Harmony & Mind set.
*Must be only Marketer*
*Also Previous Marketing experience*
●Business Managers
●Country Manager,GM
●Directors, CEO
Are most welcomed to add Value to us.
■■■■■■■■■■■■■■■■
《 *Unmatched Criteria*》
Not Med Rep,
Not Key Account,
Not Product Specialist,
Not Sales Supervisor,
Not Sales Manager,
●●●●●●●●●●●●●●●●●●
But till you become a marketer
you can join other What'sApp group
*Marketing Lover Future Club Group*
■■■■■■■■■■■■■■■■
《 *Unmatched Criteria*》
For Conflict of Intrest
*Also Can't attend*
If Working in
*Marketing Services Provider*
=not *Hotel* Marketers
=not *Restaurant* Marketers
=not *Advertising* Marketer
=not *Event Manager*
=not *Market Researcher*.
■■■■■■■■■■■■■■■■
■■■■■■■■■■■■■■■■
*this Club for Only Marketers*
Very Soon we will have
*Business Leaders Club*
For Sales Managers & Directors
Will be Not for Markters
●●●●●●●●●●●●●●●●●●●●
■ *Only Marketers* ■
*& EPS Marketing Diploma*
●●●●●●●●●●●●●●●●●●●●
Confirm coming by Pvt WhatsApp
*To know the new Location*
*#Mahmoud_Bahgat*
00966568654916
*#Marketing_Club*
http://goo.gl/forms/RfskGzDslP
*اشترك بصفحة جمعية الصيادلة المصريين* عالفيسبوك
https://lnkd.in/fucnv_5
■ *Bahgat Facbook Page*
https://lnkd.in/fVAdubA
■ *Bahgat Linkedin*
https://lnkd.in/fvDQXuG
■ *Bahgat Twitter*
https://lnkd.in/fmNC72T
■ *Bahgat YouTube Channel*
https://www.Youtube.com /mahmoud bahgat
■ *Bahgat Instagram*
https://lnkd.in/fmWPXrY
■ *Bahgat SnapChat*
https://lnkd.in/f6GR-mR
*#Mahmoud_Bahgat*
*#Legendary_ADLAND*
www.TheLegendary.info
PROVIDING A METHOD FOR DETERMINING THE INDEX OF CUSTOMER CHURN IN INDUSTRYIJITCA Journal
Churn customer, one of the most important issues in customer relationship management and marketing is especially in industries such as telecommunications, the financial and insurance. In recent decades much
research has been done in this area. In this research, the index set for the reasons set reason churn customers for our customers is of particular importance. In this study we are intended to provide a formula for the index churn customers, the better to understand the reasons for customers to provide churn. Therefore, in order to evaluate the formula provided through six Classification methods (Decision tree QUEST, Decision tree C5.0, Decision tree CHAID, Decision trees CART, Bayesian network, Neural network) to evaluate the formula will be involved with individual indicators
Software Cost Estimation Using Clustering and Ranking SchemeEditor IJMTER
Software cost estimation is an important task in the software design and development process.
Planning and budgeting tasks are carried out with reference to the software cost values. A variety of
software properties are used in the cost estimation process. Hardware, products, technology and
methodology factors are used in the cost estimation process. The software cost estimation quality is
measured with reference to the accuracy levels.
Software cost estimation is carried out using three types of techniques. They are regression based
model, anology based model and machine learning model. Each model has a set of technique for the
software cost estimation process. 11 cost estimation techniques fewer than 3 different categories are
used in the system. The Attribute Relational File Format (ARFF) is used maintain the software product
property values. The ARFF file is used as the main input for the system.
The proposed system is designed to perform the clustering and ranking of software cost
estimation methods. Non overlapped clustering technique is enhanced with optimal centroid estimation
mechanism. The system improves the clustering and ranking process accuracy. The system produces
efficient ranking results on software cost estimation methods.
Instance Selection and Optimization of Neural NetworksITIIIndustries
Credit scoring is an important tool in financial institutions, which can be used in credit granting decision. Credit applications are marked by credit scoring models and those with high marks will be treated as “good”, while those with low marks will be regarded as “bad”. As data mining technique develops, automatic credit scoring systems are warmly welcomed for their high efficiency and objective judgments. Many machine learning algorithms have been applied in training credit scoring models, and ANN is one of them with good performance. This paper presents a higher accuracy credit scoring model based on MLP neural networks trained with back propagation algorithm. Our work focuses on enhancing credit scoring models in three aspects: optimize data distribution in datasets using a new method called Average Random Choosing; compare effects of training-validation-test instances numbers; and find the most suitable number of hidden units. Another contribution of this paper is summarizing the tendency of scoring accuracy of models when the number of hidden units increases. The experiment results show that our methods can achieve high credit scoring accuracy with imbalanced datasets. Thus, credit granting decision can be made by data mining methods using MLP neural networks.
COMPARISON OF BANKRUPTCY PREDICTION MODELS WITH PUBLIC RECORDS AND FIRMOGRAPHICScscpconf
Many business operations and strategies rely on bankruptcy prediction. In this paper, we aim to
study the impacts of public records and firmographics and predict the bankruptcy in a 12-
month-ahead period with using different classification models and adding values to traditionally
used financial ratios. Univariate analysis shows the statistical association and significance of
public records and firmographics indicators with the bankruptcy. Further, seven statistical
models and machine learning methods were developed, including Logistic Regression, Decision
Tree, Random Forest, Gradient Boosting, Support Vector Machine, Bayesian Network, and
Neural Network. The performance of models were evaluated and compared based on
classification accuracy, Type I error, Type II error, and ROC curves on the hold-out dataset.
Moreover, an experiment was set up to show the importance of oversampling for rare event
prediction. The result also shows that Bayesian Network is comparatively more robust than
other models without oversampling.
This paper provides a structured way of thinking the design and construction of a composite indicator whose purpose is to facilitate ranking EU countries by Health System Performance and/or assess their progress over time on complex and multi-dimensional health issues.
Forecasting operational risk losses for CCAR poses a number of challenges, not least of which is uncertainty about the best methodology for modeling the relationship between a bank’s future losses and the macroeconomic environment.
Grant Selection Process Using Simple Additive Weighting Approachijtsrd
Selection of educational grant is a key success factor for student learning and academic performance. Among popular methods, this paper contributes a real problem of selecting educational grant using data of grant application forms by one of the multi criteria decision making model, SAW method. This paper introduces nine criteria that are qualitative and positive for selecting grant for the students amongst fifteen application forms and also ranking them. Finally, the proposed method is demonstrated in a case study on selecting educational grant for students. Kyi Kyi Myint | Tin Tin Soe | Myint Myint Toe ""Grant Selection Process Using Simple Additive Weighting Approach"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25169.pdf
Paper URL: https://www.ijtsrd.com/computer-science/simulation/25169/grant-selection-process-using-simple-additive-weighting-approach/kyi-kyi-myint
How to establish and evaluate clinical prediction models - StatsworkStats Statswork
A clinical prediction model can be used in various clinical contexts, including screening for asymptomatic illness, forecasting future events such as disease, and assisting doctors in their decision-making and health education. Despite the positive effects of clinical prediction models on practice, prediction modelling is a difficult process that necessitates meticulous statistical analysis and sound clinical judgments. Statswork offers statistical services as per the requirements of the customers. When you Order statistical Services at Statswork, we promise you the following always on Time, outstanding customer support, and High-quality Subject Matter Experts.
Read More With Us: https://bit.ly/3dxn32c
Why Statswork?
Plagiarism Free | Unlimited Support | Prompt Turnaround Times | Subject Matter Expertise | Experienced Bio-statisticians & Statisticians | Statistics across Methodologies | Wide Range of Tools & Technologies Supports | Tutoring Services | 24/7 Email Support | Recommended by Universities
Contact Us:
Website: www.statswork.com
Email: info@statswork.com
United Kingdom: 44-1143520021
India: 91-4448137070
WhatsApp: 91-8754446690
Scoring and predicting risk preferencesGurdal Ertek
This study presents a methodology to determine risk scores of individuals, for a given financial risk preference survey. To this end, we use a regression based iterative algorithm to determine the weights for survey questions in the scoring process. Next, we generate classification models to classify individuals into risk-averse and risk-seeking categories, using a subset of survey questions. We illustrate the methodology through a sample survey with 656 respondents. We find that the demographic (indirect) questions can be almost as successful as risk-related (direct) questions in predicting risk preference classes of respondents. Using a decision-tree based classification model, we discuss how one can
generate actionable business rules based on the findings.
http://research.sabanciuniv.edu.
3rd alex marketing club (pharmaceutical forecasting) dr. ahmed sham'aMahmoud Bahgat
#Mahmoud_Bahgat
#Marketing_Club
Join us by WhatsApp to me 00966568654916
*اشترك في صفحة ال Marketing Club* عالفيسبوك
https://www.facebook.com/MarketingTipsPAGE/
*اشترك في جروب ال Marketing Club* عالفيسبوك
https://www.facebook.com/groups/837318003074869/
*Marketing Club Middle East*
25 Meetings in 6 Cities in 1 year & 2 months
Since October 2015
*We have 6 groups whatsapp*
*for almost 600 marketers*
From all middle east
*since 5 years*
& now 10 more groups
For Marketing Club Lovers as future Marketers
أهم حاجة الشروط
*Only marketers*
From all Industries
No students
*No sales*
*No hotels Reps*
*No restaurants Reps*
*No Travel Agents*
*No Advertising Agencies*
*Many have asked to Attend the Club*
((We Wish All can Attend,But Cant..))
*Criteria of Marketing Club Members*
•••••••••••••••••••••••••••••••••••••
For Better Harmony & Mind set.
*Must be only Marketer*
*Also Previous Marketing experience*
●Business Managers
●Country Manager,GM
●Directors, CEO
Are most welcomed to add Value to us.
■■■■■■■■■■■■■■■■
《 *Unmatched Criteria*》
Not Med Rep,
Not Key Account,
Not Product Specialist,
Not Sales Supervisor,
Not Sales Manager,
●●●●●●●●●●●●●●●●●●
But till you become a marketer
you can join other What'sApp group
*Marketing Lover Future Club Group*
■■■■■■■■■■■■■■■■
《 *Unmatched Criteria*》
For Conflict of Intrest
*Also Can't attend*
If Working in
*Marketing Services Provider*
=not *Hotel* Marketers
=not *Restaurant* Marketers
=not *Advertising* Marketer
=not *Event Manager*
=not *Market Researcher*.
■■■■■■■■■■■■■■■■
■■■■■■■■■■■■■■■■
*this Club for Only Marketers*
Very Soon we will have
*Business Leaders Club*
For Sales Managers & Directors
Will be Not for Markters
●●●●●●●●●●●●●●●●●●●●
■ *Only Marketers* ■
*& EPS Marketing Diploma*
●●●●●●●●●●●●●●●●●●●●
Confirm coming by Pvt WhatsApp
*To know the new Location*
*#Mahmoud_Bahgat*
00966568654916
*#Marketing_Club*
http://goo.gl/forms/RfskGzDslP
*اشترك بصفحة جمعية الصيادلة المصريين* عالفيسبوك
https://lnkd.in/fucnv_5
■ *Bahgat Facbook Page*
https://lnkd.in/fVAdubA
■ *Bahgat Linkedin*
https://lnkd.in/fvDQXuG
■ *Bahgat Twitter*
https://lnkd.in/fmNC72T
■ *Bahgat YouTube Channel*
https://www.Youtube.com /mahmoud bahgat
■ *Bahgat Instagram*
https://lnkd.in/fmWPXrY
■ *Bahgat SnapChat*
https://lnkd.in/f6GR-mR
*#Mahmoud_Bahgat*
*#Legendary_ADLAND*
www.TheLegendary.info
Similar to A Novel Performance Measure For Machine Learning Classification (20)
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Biological screening of herbal drugs: Introduction and Need for
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Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
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The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
A Novel Performance Measure For Machine Learning Classification
1. International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
DOI: 10.5121/ijmit.2021.13101
A NOVEL PERFORMANCE MEASURE FOR MACHINE
LEARNING CLASSIFICATION
Mingxing Gong
Financial Services Analytics, University of Delaware Newark, DE 19716
ABSTRACT
Machine learning models have been widely used in numerous classification problems and performance
measures play a critical role in machine learning model development, selection, and evaluation. This
paper covers a comprehensive overview of performance measures in machine learning classification.
Besides, we proposed a framework to construct a novel evaluation metric that is based on the voting
results of three performance measures, each of which has strengths and limitations. The new metric can be
proved better than accuracy in terms of consistency and discriminancy.
1. INTRODUCTION
Performance measures play an essential role in machine learning model development, selection,
and evaluation. There are a plethora of metrics for classification, such as Accuracy, Recall,
Fmeasure, Area Under the ROC Curve (AUC), Mean Squared Error (or known as Brior Score),
LogLoss/Entropy, Cohen’s Kappa, Matthews Correlation Coefficient (MCC), etc. Generally, the
performance measures can be broadly classified into three categories [1]:
Metrics based on a confusion matrix: accuracy, macro-/micro-averaged accuracy
(arithmetic and geometric), precision, recall, F-measure, Matthews correlation
coefficient and Cohen’s kappa, etc.
Metrics based on a probabilistic understanding of error, i.e., measuring the deviation
from the actual probability: mean absolute error, accuracy ratio, mean squared error
(Brier score), LogLoss (cross-entropy), etc.
Metrics based on discriminatory power: ROC and its variants, AUC, Somers’D, Youden
Index, precision-recall curve, Kolmogorov-Smirnov, lift chart, etc.
Confusion-matrix-based metrics are most commonly used, especially accuracy since it is
intuitive and straightforward. Most classifiers aim to optimize accuracy. However, the drawbacks
of accuracy are also evident. The classifier with accuracy as the objective function is more biased
towards majority class. For example, in credit card fraud detection where the data is highly
imbalanced, 99.9% of transactions are legitimate, and only 0.1% are fraudulent. A model merely
claiming that all transactions are legitimate will reach 99.9% accuracy that almost no other
classifiers can beat. However, the model is useless in practice, given no fraudulent transactions
could be captured by the model. The drawback of accuracy highlights the importance of recall
(or called true positive rate), which measures the effectiveness of the model in detecting
fraudulent transactions. Nevertheless, recall is still a biased metric. For example, an extreme case
that every transaction is classified as fraudulent would give the highest recall. To reduce false
alarms, precision needs to be taken into account to measure the reliability of the prediction. In
other words, those metrics alone can only capture part of the information of the model
performance. That is why accuracy, recall, precision, or the combination (F-measures) are
considered altogether in a balanced manner when dealing with the imbalanced data classification.
Besides, both recall and precision are focus on positive examples and predictions. Neither of
them captures how the classifier handles the negative examples. It is challenging to describe all
the information of the confusion matrix using one single metric. The Matthews correlation
1
2. 2
coefficient(MCC) is one of the measures regarded as a balanced measure, which takes into
account both true and false positives and negatives. MCC is commonly used as a reference
performance measure on imbalanced data sets in many fields, including bioinformatics,
astronomy, etc. [2], where both negatives and positives are very important. Recent study also
indicated that MCC is favourable over F1 score and accuracy in binary classification evaluation
on imbalanced datasets [3]. It is worth mentioning that all confusion-matrix-based metrics are
subject to threshold selection, which is very difficult, especially when misclassification cost and
prior probability are unknown.
On the contrary, the probability metrics do not rely on a threshold. The probability metrics
measure the deviation or entropy information between the prediction probability p(i; j) and true
probability f(i; j) (0 or 1). The three most popular probability metrics are Brier score, cross
entropy, and calibration score. The first two measures are minimized when the predicted
probability is close to the true probability. The calibration score assesses score reliability. A well-
calibrated score indicates that if the classifier prediction probability of positives for a sample of
datasets is p, the proportion of positives in the sample is also p. A well-calibrated score does not
mean perfect quality of the classifier.
For metrics based on discriminatory power, ROC is the most popular one [4, 5, 6]. Compared
with confusion matrix based metrics, ROC has several advantages. Firstly, ROC does not rely on
threshold settings [5]. Secondly, the change of prior class distribution will not impact the ROC
curve, since ROC depends on true positive rate and false positive rate, which are calculated
against true positives and true negatives independently. Thirdly, ROC analysis does not
necessarily have to produce exact probability, and what it has to do is to discriminate positive
instances from negative instances [7]. There are several ROC extensions and invariants. To
integrate the decision goal with cost information and prior class distribution, ROC convex hull is
developed. And under some conditions that only early retrieval information is of any interest,
Concentrated ROC (CROC) was proposed to magnify the interested area using an appropriate
continuous and monotone function. Besides, ROC curve is closely related to or can be
transformed into precision-recall curve, cost curve, lift chart, Kolmogorov–Smirnov (K-S) alike
curves, etc. Furthermore, ROC can be extended to multi-class via one vs. one (OVO) or one vs.
all (OVA) methodologies. A single summary metric called Area under the ROC curve (AUC) is
derived from ROC. Statistical meaning of the AUC measure is the following: AUC of a classifier
is equivalent to the probability that the classifier’s output probability for a randomly chosen
positive instance is higher than a randomly chosen negative instance. A similar measure in multi-
class is called volume under ROC space (VUS). There are a lot of discussions on multiclass ROC
and VUS [8, 9, 10, 11]. In addition to the three categories of performance measures as mentioned
above, the practitioner often assesses the stability of the classifiers’ output based on distribution
and characteristic analysis. Popularly used metrics include Population Stability Index (PSI) [12],
Characteristic Stability Index (CSI), etc. In summary, there is no guarantee that one measure
would definitely outperform the other in all situations.
The motivation of this study is that although there are a lot of literature to discuss the evaluation
of performance of classifiers in an isolated manner (e.g., [13] wrote an overview of ROC curve;
[14] discussed the impact of class imbalance in classification performance metrics based on the
binary confusion matrix, etc.), there exists very few comprehensive review in this area. [15]
wrote a very general review on evaluation metrics for data classification evaluations. However
the review is lack of details and a lot of popular measures are not mentioned. Santafe et al.
review the important aspects of the evaluation process in supervised classification in [16], which
is more focus on the statistical significance tests of differences of the measures. There are also
many literature papers discussing the machine learning performance measures in the specific
fields. For example, [17] studied machine learning performance metrics and diagnostic context in
radiology; [18] performed a
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
3. comparative study of performance metrics of data mining algorithms on medical data; [19] discussed
the performance measures in text classification. Motivated by the lack of comprehensive generic
review in performance measures, our paper covers a comprehensive review of above-mentioned
three categories of measures. In addition, we propose a framework to construct a new and better
evaluation metric.
The main contribution of this paper lies in three aspects: it provided a comprehensive and
detailed review of performance measures; it highlighted the limitations and common pitfalls of using
these performance measures from a practitioner’s perspective; it proposed a framework to construct
a better evaluation metric. The rest of the paper is structured as follows: Section 2 provides an
overview of performance measures as well as their limitations and misuses in practice; Section 3
introduces a solution to compare the performance measures; Section 4 proposes a novel performance
measure based on the voting method and Section 5 discusses the experimental results; Section 6
concludes the paper and discusses the potential research opportunities in the future.
2 An overview of performance measures
2.1 Metrics based on a confusion matrix
Confusion-matrix is commonly accepted in evaluating classification tasks. For binary classification,
it is a two by two matrix with actual class and predicted class, illustrated as below. For short, TP
stands for true positive, FN for false negative, FP for false positive, and TN for true negative. In
fraud detection problem setting, we assume positive means fraud and negative means non-fraud.
The metrics derived from confusion-matrix are described as follows:
Predictive
class
Actual Class
p n total
p′ True
Positive
False
Positive
P′
n′ False
Negative
True
Negative
N′
total P N
Accuracy (Acc) is the most simple and common measure derived from the confusion matrix.
ACC =
TP + TN
P + N
=
TP + TN
TP + TN + FP + FN
(1)
True positive rate (TPR) or recall (also known as sensitivity) is defined as true positive (TP) divided
by total number of actual positives (TP + FN).
TPR =
TP
P
=
TP
TP + FN
(2)
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
3
4. Specificity or true negative rate (TNR) is calculated as
Specificity =
TN
N
=
TN
FP + TN
(3)
1 − Specificity is called false positive rate (FPR). Sensitivity can be interpreted as accuracy on
the actual positive instance, while specificity is characterized as accuracy on the actual negative
instances. Similarly, there are also metrics on performance on the predictive positive/negative
instances, such as precision and negative predictive value (NPV).
Precision =
TP
P′ =
TP
TP + FP
(4)
NPV =
TN
N′ =
TN
TN + FN
(5)
It is worth noting that none of above-mentioned single metric alone can be sufficient to describe
the model performance in fraud detection. For example, similar to accuracy, if we use recall as the
performance metric, a model that predicts all transactions are fraudulent can achieve 100% recall
rate. However, the model is useless.
The F-measure, a balanced performance metric, considers both recall and precision. The
commonly used F1 measure is the harmonic mean of precision and recall:
F1 = 2 ∗
Precision ∗ Recall
Precision + Recall
=
2TP
2TP + FP + FN
(6)
In the F1 measure, precision is weighted as the same important as recall. The general formula for
Fβ:
Fβ = (1 + β2
) ∗
Precision ∗ Recall
β2 ∗ Precision + Recall
(7)
which weights β times as much importance to recall as precision. However, as Equation 7 shows that
true negatives are neglected in F-measure which focuses more on positive instances and predictions.
In addition, we should be very cautious when using F measure to compare model performance
in fraud detection, especially considering resampling methods (undersampling legitimate cases or
oversampling fraud cases) are often adopted in fraud detection to address imbalance data issues,
which may result in different data distributions. Unlike other performance measures (e.g., recall,
false positive rate, ROC) that are independent of the data set distribution, F measure will differ
significantly on different data sets, as illustrated in Table 1. The model with the same fraud capture
rate (recall) and false positive rate exhibits different F1. Only relying on F1 score may reach a
misleading conclusion that the model overfits or deteriorates.
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
4
5. Table 1: Different F1 scores for the same model on different data sets
(a) Recall = 0.5;FPR = 0.091;F1 = 0.645
Predictive
class
Actual Class
p n total
p′ TP
500
FP
50
P′
n′ FN
500
True
500
N′
total P N
(b) Recall = 0.5; FPR = 0.091;F1 = 0.50
Predictive
class
Actual Class
p n total
p′ TP
500
FP
500
P′
n′ FN
500
TN
5000
N′
total P N
It is challenging to describe all the information of the confusion matrix using one single metric.
The Matthews correlation coefficient (MCC) is one of the best such measures, which takes into
account both true and false positives and negatives [20]. The MCC can be calculated from confusion
matrix:
MCC =
TP ∗ TN − FP ∗ FN
p
(TP + FP)(TP + FN)(TN + FP)(TN + FN)
(8)
MCC varies from [−1, 1], with 1 as perfect prediction, 0 as random prediction and -1 as total
disagreement between the actual and prediction.
Cohen’s kappa [21] is another measure to correct the predictive accuracy due to chance. It is
calculated as:
k =
p0 − pc
1 − pc
(9)
p0 is the observed accuracy, represented by T P +T N
T P +T N+F P +F N from confusion matrix, while pc is
expected accuracy, calculated as
(TN + FP) ∗ (TN + FN) + (FN + TP) ∗ (FP + TP)
(P + N)2
(10)
It is important to note that the aforementioned confusion-matrix based measures are subject to
thresholds and prior class distribution. The different selection of thresholds will result in changes of
confusion matrix. As long as the predicted probability is greater than the threshold, the example
would be labeled as positive and vice versa. It does not matter how close the predicted probability
is to the actual probability. For example, there are two classifiers for a new instance, which actually
belongs to the positive class. One predicts the likelihood of positive event is 0.51 and the second
classifier predicts the probability of positive event is 0.99. If the threshold is 0.50, the confusion-
matrix based measures would be exactly the same for these two classifiers, although intuitively the
second classifier is much better.
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
5
6. 2.2 Metrics based on probability deviation
Measures based on probability are threshold-free metrics that assess the deviation from the true
probability. There are several probability-based measures including MAE (mean absolute error)
which shows how much the predictions deviate from the actual outcome; Brier score,or called mean
square error, a quadratic version of MAE which penalizes greater on the deviation; Cross entropy,
derived from information theory; calibration score, which is also known as Expected vs. Actual
(EvA) analysis. Below are the formulas for these common probability-based metrics.
The mean absolute error (MAE) is defined as:
MAE =
1
n
n
X
i=1
|yi − pi|
The Brier score is defined as:
Brier_score =
1
n
n
X
i=1
(yi − pi)2
The cross entropy is defined as:
cross_entropy =
n
X
i=1
−yilog(pi)
Where pi is the predicted probability and yi is the ground truth probability (0 or 1 for binary
classification). Brier score and cross entropy are the most commonly used metrics, which are widely
used as the objective function in machine learning algorithm. Generally, cross entropy is preferred
in classification problems and brier score is preferred in regression models. In practice, brier score
and cross entropy are more considered as objective function/loss function, instead of performance
measures. The reason is the most classification models are used for ranking-order purposes and the
absolute accuracy of the model is not of significant concern.
2.3 Metrics based on discriminatory power
Two-class ROC
ROC (Receiver Operations Characteristics) is one of the most widely used performance metrics,
especially in binary classification problems. A ROC curve example is shown below (Figure 1). The
horizontal axis is represented by false positive rate (FPR), and the vertical axis is true positive rate
(TPR). The diagonal connecting (0,0) and (1,1) indicates the situation in which the model does not
provide any separation power of bad from good over random sampling. Classifiers with ROC curves
away from the diagonal and located on the upper-left side are considered excellent in separation
power. The maximum vertical distance between ROC curve and diagonal is known as Youden’s
index, which may be used as a criterion for selecting operating cut-off point.
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
6
7. Figure 1: A ROC curve example Source: scikit-learn simulation [22]
ROC is considered as a trade-off between true positive rate and false positive rate. One useful
feature of the ROC curve is that they remain unchanged when altering class distribution [21]. Since
ROC is based on TPR and FPR, which are calculated on actual positives and actual negatives
respectively, ROC curves are consequently independent of class distribution. Another useful feature
of ROC curve is that the curves exhaust all possible thresholds, which contain more information
than static threshold dependent metrics, such as precision, accuracy, and recall. Therefore ROC
curve is deemed as a useful measure for overall ranking and separation power for model evaluation.
Unfortunately, while a ROC graph is a valuable visualization technique, it may not help select
the classifiers in certain situations. Only when one classifier clearly dominates another over the
entire operating space can it be declared better. For example, Figure 2 shows that we can claim
that classifier 0 outperforms other classifiers since the curve is always above other curves. However,
it is a little challenging to tell whether classifier 4 is better than classifier 2 or not.
Thus, A single summary metric called Area under the ROC curve (AUC) is derived from ROC.
Statistical meaning of the AUC measure is the following: AUC of a classifier is equivalent to the
probability that the classifier will evaluate a randomly chosen positive instance as a higher probability
than a randomly chosen negative instance. Let {p1, ..., pm} be the predicted probabilities of the
m positives to belong to the positive class sorted by descending order. And {n1, ..., nk} be the
predicted probabilities of the k negatives to belong to the positive class sorted by descending order.
AUC can be defined as
AUC =
1
mk
m
X
i=1
k
X
j=1
1pi>nj
(11)
Where 1pi>nj
is an indicator function, equal to 1 when pi > nj.
AUC is useful to rank the examples by the estimated probability and compare the performance
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
7
8. of the classifier. Huang and Ling theoretically and empirically show that AUC is more preferred
than accuracy [23]. However, AUC as a single summary metric has its drawbacks. For example,
the AUC for classifier 1 is 0.55, and the AUC for classifier 2 is 0.65. Classifier 2 performs much
better than classifier 1 in terms of AUC. However, considering a situation like a marketing campaign,
where people may only be interested in the very top-ranked examples, classifier 1 may be a better
choice. And also, AUC is purely a ranked order metric, and it ignores the probability values [23].
Figure 2: ROC comparisons Source: scikit-learn simulation [22]
There are many variants of ROC and AUC. Gini coefficient, also called Somer’s D, is one of
them, which is widely used in the evaluation of credit score modeling in banking industry. Gini can
be converted from AUC approximately, using the formula: Gini = (AUC − 0.5) ∗ 2. Wu et al. [24]
proposed a scored AUC (sAUC) that incorporates both the ranks and probability estimate of the
classifiers. sAUC is calculated as
sAUC =
1
mk
m
X
i=1
k
X
j=1
1pi>nj ∗ (pi − nj) (12)
The only difference between sAUC and AUC is the addition of a factor pi − nj, which quantifies the
probability deviation when the ranks are correct. pAUC (probabilistic AUC) is another AUC variant
(Ferri et al.,2005) [23] which takes both rank performance and the magnitude of the probabilities
into account. pAUC is defined as
pAUC =
Pm
i=1 pi
m −
Pk
j=1 ni
k + 1
2
=
Pm
i=1 pi
m +
Pk
j=1(1−ni)
k
2
(13)
pAUC can be interpreted as the mean of the average of probabilities that positive instances are
assigned to positive class, and negative instances are assigned to negative class.
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
8
9. ROC Convex Hull
For a set of classifiers with ROC curves in the same graph, the ROC convex hull (ROCCH) is
constructed in a way that the line connects all corresponding points on the curves to ensure there
are no points above the final curve. The ROC convex hull describes the potential optimal operating
characteristics for the classifiers and provides a possible solution to form a better classifier by
combining different classifiers. Classifiers below the ROCCH is always sub-optimal. As shown in
Figure 3, classifiers B, D are sub-optimal, while classifiers A, C are potentially optimal classifiers.
Figure 3: The ROC convex hull identifies potentially optimal classifier
Source: Provost and Fawcett, 2000
Since ROC curve does not rely on the cost matrix and class distribution, it is difficult to make
decisions. By incorporating cost matrix and class distribution into ROC space, the decision goal can
be achieved in the ROC space. Especially, the expected cost of applying the classifier represented by
a point (FP, TP) in ROC space is: [25]
p(+) ∗ (1 − TP) ∗ C(−|+) + p(−) ∗ FP ∗ C(+|−) (14)
Where p(+) and p(−) are the prior distribution of positives and negatives. C(−|+) is the misclassi-
fication cost of false negative, while C(+|−) is the misclassification cost of false positive. Therefore,
two points, (FP1, TP1) and (FP2, TP2), have the same performance if
TP2 − TP1
FP2 − FP1
=
C(+|−)p(−)
C(−|+)p(+)
(15)
The above equation defines the slope of an iso-performance line. That is, all classifiers corre-
sponding to points on the line have the same expected cost. Each set of class and cost distributions
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
9
10. defines a family of iso-performance lines. Lines "more northwest" (having a larger TP − intercept)
are better because they correspond to classifiers with lower expected cost [25].
Figure 4: Line α and β show the optimal classifier under different sets of
conditions
Source: Provost and Fawcett, 2000
Assume an imbalanced dataset with the negative observations 10 times of positive observations
and equal misclassification cost. In this case, classifier A would be preferred. If the false negative
costs 100 times of the false postive, classifier C would be a better choice. ROC convex hull provides
a visual solution for the decision making under different set of cost and class distributions.
Concentrated ROC
The concentrated ROC (CROC) plot evaluates the early-retrieval performance of a classifier [26].
The findings are motivated by many practical problems ranging from marketing campaign to fraud
detection, where only the top-ranked predictions are of any interest and ROC and AUCs, which are
used to measure the overall ranking power, are not very useful.
Figure 5 shows that two ROC curves and the red rectangle area, the interested early retrieval area.
The green curve outperforms the red curve in the early retrieval area. CROC adopts an approach
whereby any portion of the ROC curve of interest is magnified smoothly using an appropriate
continuous and monotone function f from [0,1] to [0,1], satisfying f(0) = 0 and f(1) = 1. Functions
like exponential, power or logarithmic are popularly used to expand the early part of the x − axis
and contract the late part of the x − axis. The choice of magnification curve f and magnification
parameters α are subject to different application scenarios. The early recognition performance of a
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
10
11. classifier can be measured by the AUC[CROC]. This area depends on the magnification parameter
α and therefore both the area and α must be reported [26].
Figure 5: Early retrieval area in ROC curves. Source: Swamidass et al.,
2010
Precision-Recall Curve
Like ROC curve, Precision-Recall curve (PRC) provides a model-wide evaluation of classifiers across
different thresholds. The Precision-Recall curve shows a trade-off between precision and recall. The
area under the curve (PRC) is called AUC (PRC). There are several aspects in which Precision-Recall
is different from ROC curve. Firstly, the baseline for ROC curve is fixed, which is the diagonal
connecting (0,0) and (1,1), while the baseline for PRC is correlated with the class distribution P
N+P .
Secondly, interpolation methods for PRC and ROC curves are different-ROC analysis uses linear and
PRC analysis uses non-linear interpolation. Interpolation between two points A and B in PRC space
can be represented as a function y = T PA+x
T PA+x+F PA+
F PB−F PA
T PB−T PA
∗x
where x can be any value between
TPA and TPB [27]. Thirdly, ROC curve is monotonic but PRC may not be monotonic, which
leads to more crossover in PRC curves from different classifiers. As mentioned that the baseline for
PRC is determined by the class distribution, for imbalance data PRC plots is believed to be more
informative and powerful plot and can explicitly reveal differences in early-retrieval performance [28].
Figure 6 consists four panels for different visualization plots. Each panel contains two plots with
balanced (left) and imbalanced (right) for (A) ROC, (B) CROC, (C) Cost Curve, and (D) PRC.
Five curves represent five different performance levels: Random (Rand; red), Poor early retrieval
(ER-; blue), Good early retrieval (ER+; green), Excellent (Excel; purple), and Perfect (Perf; orange)
[28]. Figure 6 shows that PRC is changed, but other plots remain the same between balanced and
imbalanced dataset, indicating that only precision-recall curve is sensitive to the class distribution
changes.
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
11
12. Figure 6: PRC is changed but other plots remain the same between
balanced and imbalanced dataset
Source: Saito & Rehmsmeier, 2015
The study in paper [29] shows a deep connection between ROC space and PRC space, stating
that a curve dominates in ROC space if and only if it dominates in PRC space. And the same paper
demonstrates that PRC space analog to the convex hull in ROC space is achievable.
Alternative Graphical Performance Measures
There are many other graphical performance measures, such as cost curve, lift chart, PN-curve, K-S
curve, calibration curves, etc. These visualization tools are discussed as below:
• Cost curve. The paper [30] proposed an alternative graphical measure to ROC analysis,
which represents the cost explicitly. The ROC curve can be transformed into a cost curve.
The x-axis in a cost curve is the probability-cost function for cost examples, PCF(+) =
p(+)C(−|+)/(p(+)C(−|+) + p(−)C(+|−)). The y-axis is expected cost normalized with
respect to the cost incurred when every example is incorrectly classified, which is defined as
below:
NE[C] =
(1 − TP)p(+)C(−|+) + FPp(−)C(+|−)
p(+)C(−|+) + p(−)C(+|−)
(16)
International Journal of Managing Information Technology (IJMIT) Vol.13, No.1, February 2021
12
13. where p(+) is the probability of positive instance (prior class probability) and C(−|+) is the
false negative misclassifying cost. And p(−) is the probability of negative instance (prior class
probability) and C(+|−) is the false positive misclassifying cost.
• Lift Chart. Lift chart is a graphical depiction of how the model improves proportion of
positive instances when a subset of data is selected. The x-axis is the % of the dataset and
y-axis is the number of true positives. Not like ROC curve, the diagonal line for lift chart
is not necessarily at 450
. The diagonal line estimates what would be the number of true
positives if a sample size of x is randomly selected. The far above the diagonal, the greater
the model improves the lift. The lift chart is widely used in response models to make decisions
on marketing campaigns. The same principle of ROC convex hull with iso-performance can be
applied to lift chart to decide the cut-off point for maximizing profit [31].
• PN-Curve. PN-curve is similar to ROC. Instead of using normalized TPR and FPR, PN-
curve directly has TP on the y-axis and FP on the x-axis. PN-curve can be transformed to a
ROC after normalized using prior class distribution.
• Kolmogorov–Smirnov alike curve. Kolmogorov–Smirnov (K-S) graph is widely used in
credit risk scoring to measure the discrimination. The K-S stat measures the maximum
difference between the cumulative distribution function of positives and negatives. A similar
graph is proposed in [32], where true positive rate and false positive rate are drawn separately
against the probability threshold ([0,1]) in the same graph 7.
Figure 7: False positive/True positive Curve
Source: Desen & Bintong, 2017
In the graph, f1 is true positive rate, monotonically decreasing when the threshold is set higher
and higher. f0 stands for true negative rate and 1 − f0 is the false positive rate. The distance
between the two curves is 1 − f1 − f0, which equals to fpr − tpr. Recall the distance between
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13
14. ROC curve and the diagonal is tpr − fpr and AUC = (tpr − fpr + 1)/2 [20]. Minimizing
the distance in figure 7 is the same as maximizing the distance between ROC curve and the
diagonal as well as the AUC. The k-s alike is another visual representation of ROC curve.
• Calibration Curves. Calibration curves are a method that will show whether the predicted
probability is well calibrated that there are actually p proportional events happening when
they are predicted probability is p. The x-axis is true probability, which counts the subset of
examples with the same score. And y-axis is the predicted probability. Calibration curves
focus on the classification bias, not the classification quality. A perfect calibration does not
mean a perfect classifier [31, 33].
2.4 Metrics based on distribution stability
In order to ensure that a model continues to perform as intended, it is important to monitor the
stability of the model output between the development data and more recent data. The model
stability can be assessed either at the overall system level by examining the population distribution
changes across model outcomes or at the individual model variable or characteristic level. The
Population Stability Index (PSI) is a common metric used to measure overall model population
stability while the Characteristic Stability Index (CSI) can be used to assess the stability at the
individual variable level.
PSI and CSI are widely accepted metrics in banking industry. The formula is displayed as below:
PSI =
n
X
i
((Actual% − Expected%)ln(
Actual%
Expected%
))
Where the samples are divided into n bins based on the model output distribution (PSI) or variable
distribution (CSI). The percentage of actual and expected events in each bin is calculated. The PSI
and CSI values are sensitive to the number of bins. In general, 8-12 bins are mostly used, which
should take various operating points into account.
3 Measure of measures
We can see no metric can absolutely dominate another. The metrics all have advantages and
disadvantages. As Ferri et al. (2009) [1] point out, several works have shown that given a dataset,
the learning method that obtains the best model according to a given measure, may not be the best
method if another different measure is employed. A handful of examples have been discussed to
demonstrate how challenging it is to compare the performance of the measures. For example, Huang
et al. (2003) [34] reveal that Naive Bayes and decision tree perform similarly in predicting accuracy.
However, Naive Bayes is significantly better than decision trees in AUC. Even surprisingly, Rosset
(2004) [35] shows that if we use AUC for selecting models based on a validation dataset, we obtain
betters results in accuracy (in a different test dataset) than using accuracy for selecting the models.
Huang et al. (2005) [23] propose a theoretical framework for comparing two different measures
for learning algorithms. The authors define the criteria, degree of consistency and degree of
discriminancy, as follows:
• Degree of Consistency. For two measures f and g on domain Ψ, let R = {(a, b)|a, b ∈
Ψ, f(a) > f(b), g(a) > g(b)} and S = {(a, b)|a, b ∈ Ψ, f(a) > f(b), g(a) < g(b)}. The degree of
consistency of f and g is C(0 ≤ C ≤ 1), where C = |R|
|R|+|S|
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15. • Degree of Discriminancy.For two measures f and g on domain Ψ, let P = {(a, b)|a, b ∈
Ψ, f(a) > f(b), g(a) = g(b)} and Q = {(a, b)|a, b ∈ Ψ, g(a) > g(b), f(a) = f(b)}. The degree of
discriminancy for f over g is D = P
Q
Intuitively, for two classifiers (a & b), consistence requires that when one measure indicates one
classifier is strictly better than the other (f(a) > f(b)), the other measure would not tell the opposite
way. Discriminancy requires that when one measure can’t tell the difference between classifiers, the
other measure can differentiate. In order to conclude a measure f is better than measure g, we
require C > 0.5 and D > 1.
4 A novel performance measure
For selecting a better classifier, the decision made based on one measure may be different if employing
a different measure. The metrics mentioned in Section 2 have different focus. Confusion-matrix-based
metrics (e.g., accuracy, precision, recall, F-measures, etc.) focus on errors, probability-based matrix
(e.g., Brier score, cross-entropy, etc.) focus on probability, and ranking tools (e.g., AUC/VUS, lift
chart, PRC, K-s, etc.) focus on ranking and visualization. Some measures combine those focuses.
For example, sAUC combines the probability and ranking and AUC:acc proposed by Huang et
al.(2007) [36] uses AUC as a dominant measure and acc as a tie-breaker if AUC ties.
Here we propose a new measure, which combines accuracy, MCC, and AUC. The new measure
will be based on the voting of three metrics. Given two classifiers (a,b) on the same dataset, the
new measure will be defined as:
NewMeasure = 1(AUC(a), AUC(b)) + 1(MCC(a), MCC(b)) + 1(acc(a), acc(b)) (17)
We can empirically prove that the voting methods for three metrics would be better than accuracy
in terms of discriminancy and consistency as defined in [23].
5 Experimental results and discussion
Following a similar method in [36], we compared the new measures with accuracy on artificial test
datasets. The datasets are balanced datasets with equal numbers of positive and negative instances.
We tested on datasets with 8, 10, 12, 14, 16 instances, respectively. We exhausted all the ranking
orders of the instances and calculated accuracy/MCC/AUC for each ranking order. The two criteria
(consistency and discriminancy) as defined in Section 3 are computed and the results are summarized
in Table 2 and 3.
For consistency, we count the number of pairs that satisfy “new(a) > new(b)&Acc(a) > Acc(b)
and “new(a) > new(b)&Acc(a) < Acc(b). For discriminancy, we count the number of pairs that
satisfy “new(a) > new(b)&Acc(a) = Acc(b) and “new(a) = new(b)&Acc(a) > Acc(b).
Two measures are consistent when comparing two models a and b, if one measure claims that
model a is better than model b, the other measure indicates that model a is better than model b.
As Table 2 shows, our proposed new measure demonstrates excellent consistency with accuracy with
C value significantly greater than 0.5. Take the 8 instances case for example. we exhausted all
ranking orders of the instances and calculated accuracy/MCC/AUC for each ranking order. The
results show that there are 184 times where our new metric stipulates that a is better than b and
accuracy indicates the same, while there are only 35 times that the decision from our new metric is
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16. not in line with the accuracy. The results demonstrate that in most cases, the decision based on our
new metric is well aligned with the decision from accuracy. Therefore, we claim our new metric is
consistent with accuracy.
Table 2: Experimental results for verifying statistical consistency between new metric and accuracy
for the balanced dataset
The degree of discriminancy is defined as the ratio of cases where our new metric can tell the
difference but accuracy cannot, over the cases where accuracy can tell the difference but our new
metric cannot. Table 3 indicates that our new measure is much better in terms of discriminancy
given D is significantly higher than 1. We use the 8 instances case for example. The results show
that there are 78 cases where our new metric can tell the difference between a and b, but accuracy
cannot, while there are only 3 cases that accuracy can tell the differences, but our new metric cannot.
Therefore, we claim our new metric is much more discriminant than accuracy.
Table 3: Experimental results for verifying statistical discriminancy between new metric and accuracy
for the balanced dataset
6 Conclusion
Performance measures are essential in model development, selection and evaluation. There are no
gold standard rules for the best performance measure. Most of classifiers are trained to optimize
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16
17. accuracy, but the accuracy is more biased towards majority class. Balanced performance measures
such as F1 and MCC are preferred in imbalanced data. However, all confusion matrix based metrics
are subject to threshold selection, which is very difficult to determine especially when misclassification
cost and prior probability are unknown. In contrast, the probability metrics do not rely on how the
probability will fall relative to a threshold. However, the probability metrics are not intuitive and it
is more commonly used in objective function instead of measuring the outcome of machine learning
models. Visualization tools such as ROC, precision-recall complement the confusion-matrix, which
are threshold free and independent of prior class distribution. We can see no metric in one category
can completely dominate another. They all have its advantages and disadvantages.
In this paper, we provide a detailed review of commonly used performance measures and
highlighted their advantages and disadvantages. To address the deficiency of one single measure,
we propose a voting method by combining multiple measures. Our proposed new measure that
incorporates several measures proves to be more effective in terms of consistency and discriminancy.
7 Compliance with Ethical Standards
Funding: Not Applicable.
Conflict of Interest: Author declares that he/she has no conflict of interest.
Ethical approval: This article does not contain any studies with human participants or animals
performed by any of the authors.
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