P68Model EvaluationAdvancedInterpret13 min

Interpret a Miscalibrated Probability Model

Compare predicted buckets with observed frequencies.

#calibration#interpretation

Scenario

Of 100 accounts near 0.20, 18 default; near 0.50, 52 default; near 0.80, 58 default.

Problem statement

Assess calibration.

Your Task

  1. Compare buckets.
  2. Identify confidence error.
  3. Choose next check.

Related Concepts

Reliability curvesRisk

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