Model Assessment

Successful modeling requires the careful assessment of the model before implementation in the production environment takes place. Decision List Viewer provides a number of statistical and business measures that can be used to assess the impact of a model in the real world. These include gains charts and full interoperability with Excel, thus enabling cost/benefit scenarios to be simulated for assessing the impact of deployment.

You can assess your model in the following ways:

• Using the predefined statistical and business model measures available in Decision List Viewer (probability, frequency).
• Evaluating measures imported from Microsoft Excel.
• Visualizing the model using a gains chart.