What is quality coefficient in SAP CEC-MKT-ML-PRE - Predictive Studio?

SAP Term: quality coefficient

• Component: CEC-MKT-ML-PRE

• Component Name: Predictive Studio

• Description: Indicates how well a predictive model fits goodness-of-fit in a range between 1 and -1 the higher the value, the better the fit. It is the calculated area between the curve and the bisecting line, which is also called "Gini coefficient".

Smart SAP Assistant

• Key Concepts: 
  Quality coefficient is a measure of the accuracy of a predictive model. It is used to evaluate the performance of a predictive model and is calculated by comparing the predicted values with the actual values. The quality coefficient ranges from 0 to 1, with 1 being the best score. 
  
  How to use it: 
  In SAP Predictive Studio, the quality coefficient is used to evaluate the performance of a predictive model. It is calculated by comparing the predicted values with the actual values. The higher the quality coefficient, the better the performance of the model. 
  
  Tips & Tricks: 
  When evaluating a predictive model, it is important to consider both the quality coefficient and other metrics such as precision and recall. This will help you get a better understanding of how well your model is performing. 
  
  Related Information: 
  For more information on quality coefficients and other metrics used to evaluate predictive models, please refer to SAP's documentation on Predictive Studio.