Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Question: Campaign organizers for both the Republican and Democrat parties are interested in identifying individual undecided voters who would consider voting for their party in an upcoming election. The file Blue Or Red contains data on a sample of voters with tracked variables including: whether or not they are undecided regarding their candidate preference, age, whether they own a home, gender, marital status, household size, income, years of education, and whether they attend church. Partition the data into training (50 percent), validation (30 percent), and test (20 percent) sets. Classify the data using k-nearest neighbors with up to k 5 20. Use Age, Home Owner, Female, Married, Household Size, Income, and Education as input variables and Undecided as the output variable. In Step 2 of XL Miner's k-nearest neighbors Classification procedure, be sure to Normalize input data and to Score on best k between 1 and specified value. Generate lift charts for both the validation data and test data.

a. For k = 1, why is the overall rate equal to 0 percent on the training set? Why isn't the overall rate equal to 0 percent on the validation set?

b. For the cutoff probability value 0.5, what value of k minimizes the overall error rate on the validation data? Explain the difference in the overall error rate on the training, validation, and test data.

c. Examine the decile-wise lift chart. What is the first decile lift on the test data? Interpret this value.

d. In the effort to identify undecided voters, a campaign is willing to accept an increase in the misclassification of decided voters as undecided if it can correctly classify more undecided voters. For cutoff probability values of 0.5, 0.4, 0.3, and 0.2, what are the corresponding Class 1 error rates and Class 0 error rates on the validation data?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92477362
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Basic Finance

An executor may value assets as of the date of death or the

An executor may value assets as of the date of death or the alternate valuation date 6 months after death. Assuming the estate is eligible to elect, and the executor elects, the alternate valuation date, which of the fol ...

Your portfolio contains 20000 of air canada stock which has

Your portfolio contains? $20,000 of Air Canada? stock, which has a beta of? 1.4, and? $30,000 of WestJet? stock, which has a beta of 1.8. What is the beta of your? portfolio?

Valentinos maintains a constant debt-to-assets ratio of 072

Valentino's maintains a constant debt-to-assets ratio of 0.72, with total assets of $59986. Its plowback ratio is 0.21, and net income is $7130. What is the sustainable growth rate? Input your answer as a decimal rounded ...

A what is the purpose of credit analysis discuss the

(a) What is the purpose of credit analysis? Discuss the importance of performing a credit analysis if you are suppliers of credit (i.e., commercial banks, non-bank private financing entities).

Please help me study for a test by helping me with this

Please help me study for a test by helping me with this problem, showing work/formulas used and rounding to 2 decimal places. The value of your classic $158,600 antique automobile increases by 8.35 percent annually, how ...

What are some methods a company use to ensure the entire

What are some methods a company use to ensure the entire organization understands and is involved with promotions that include their brand image? Can you share examples?

Garret industries has a priceearnings ratio ofnbsp1946xa if

Garret Industries has a? price/earnings ratio of 19.46X a. If? Garret's earnings per share is ?$1.65?, what is the price per share of? Garret's stock? b. Using the price per share you found in part a?, determine the? pri ...

Consider the following scenario analysisrate of

Consider the following scenario analysis: Rate of Return Scenario Probability Stocks Bonds Recession 0.20 -4% 16% Normal economy 0.50 18  9  Boom 0.30 29  6  a.  Is it reasonable to assume that Treasury bonds will provid ...

What is the fundamental difference between the factors that

What is the fundamental difference between the factors that make up the Task Environment (sometimes called the Micro-Marketing Environment) and the Broad Environment (sometimes called the Macro-Marketing Environment). Hi ...

Cardinal industries had the following operating results for

Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As