1.

Write down 6 model evaluation techniques? Highlight two of those which can be used to measure or evaluate Linear Regression models.

Answer»

RESPONSE

Model evaluation techniques are as follows: 

  1. AUC (AREA under the curve) – ROC (Receiver OPERATING Characteristic) 
  2. Precision and Recall CHARTS and F1 score 
  3. KS CHART or Kolmogorov Smirnov Chart 
  4. RMSE or Root Mean Square Error 
  5. MAPE or (Mean Absolute Percentage Error)  
  6. Gini Coefficient 

Out of the above, RMSE and MAPE can be used to evaluate linear regression models or algorithms. 



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