Explain the difference between classification methods and prediction methods.

Week 6 Reading and Preparation

Learning Outcomes

Upon completion of this week’s activities, you will be able to:

Explain the difference between classification methods and prediction methods.

Describe commonly-used approaches to classification and prediction.

Recognize the conditions that cause a data model to be an over-fit.

Partition a database to test data models.

Describe performance measures such as a classification matrix, a liftchart, and a decile-wise lift chart.

Describe methods for building models from large databases.

Apply methods for building models from large databases.

Describe the strengths and weaknesses of commonly-used methods for building models from large databases.

Reading

Read the following to prepare for this week:

Chapter 6: Classification and Prediction Methods

New Assignments

The following assignment(s) are new this week. Read the assignments and contact your professor if you have any questions:

6-1: Classification and Prediction Methods Discussion

6-2: Week 6 Exercises

Deliverables

The following assignment(s) are due this week:

6-1: Classification and Prediction Methods Discussion

6-2: Week 6 Exercises