How can you assess a good logistic model?

Sharad Jaiswal
Sharad Jaiswal

Posted On: Feb 22, 2018

 

In order to assess a good logistic model, the following methods are employed:

  • Using a classification metric to identify the correct negatives and incorrect positives
  • Using concordance which helps to differentiate between the events that are going to happen and the ones that are not
  • Using lift helps in comparing the logistic model with random selection

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