A Simple Approach to Simultaneously Optimize Models and Business at EnBW

date:

Wednesday, October 5, 2022

Time:

2:00 pm

Room:

Saphir 2

Summary:

To evaluate the goodness of models we have a whole lot of KPI with a set of underlying ideas of “what goodness is”. However, the impact on the real-world (when the model is applied there) is very rarely taken systematically into account when the goodness of models is evaluated. Here we show a simple idea to assess the expected improvement (win) an a real-word situation for any classification problem at the example of campaign optimization and credit rating. Of course, this also allows to compare the real-world impact on win of different classifiers.

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