Speakers:
Your “Best” Model May Not Be Good: A Business-centric Model Selection Strategy
Date:
Thursday, November 16, 2023
Time:
4:00 pm
Track:
Room:
Saphir 1
Summary:
Predictive modelers love building lots of models and then selecting the best model to deliver to the stakeholder. Popular metrics for model assessment and selection include R^2 and classification accuracy. Most often, however, the business doesn’t care about these and analysts may miss deploying the best models for the business. In this talk, a methodology for finding business-centric metrics will be explored so that the effectiveness of the models is significantly improved.