What is its Positive Predictive Value (PPV) of the forecasting model using Eggertopia scores?

8. What is its Positive Predictive Value (PPV) of the forecasting model using Eggertopia scores?

Hint: To calculate the PPV, divide the portion of True Positives by the total number of Positive Classifications. Review confusion matrix definitions and letter designations on the Information Gain Spreadsheet, [PPV is defined at Cell G41], obtain True Positive and False Positive Rates from the AUC Calculator Spreadsheet, and use algebra to solve.

Information Gain Calculator.xlsx

  • .52
  • .50
  • .48
  • .54
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