A marketing campaign will send brochures describing an expensive product to a set of customers. The cost for mailing and production per customer is $50. The company makes $500 revenue for each sale.
What is the profit matrix for a typical person in the population?
A non-contributing predictor variable (Pr > |t| =0.658) is added to an existing multiple linear regression model.
What will be the result?
Refer to the following odds ratio table:
What is a correct interpretation of the estimate?
Refer to the lift chart:
At a depth of 0.1, Lift = 3.14. What does this mean?
Suppose training data are oversampled in the event group to make the number of events and non-events roughly equal. A logistic regression is run and the probabilities are output to a data set NEW and given the variable name PE. A decision rule considered is, "Classify data as an event if probability is greater than 0.5." Also the data set NEW contains a variable TG that indicates whether there is an event (1=Event, 0= No event).
The following SAS program was used.
What does this program calculate?
An analyst fits a logistic regression model to predict whether or not a client will default on a loan. One of the predictors in the model is agent, and each agent serves 15-20 clients each. The model fails to converge. The analyst prints the summarized data, showing the number of defaulted loans per agent. See the partial output below:
What is the most likely reason that the model fails to converge?
Spearman statistics in the CORR procedure are useful for screening for irrelevant variables by investigating the association between which function of the input variables?
Which SAS program will detect collinearity in a multiple regression application?
An analyst generates a model using the LOGISTIC procedure. They are now interested in getting the sensitivity and specificity statistics on a validation data set for a variety of cutoff values.
Which statement and option combination will generate these statistics?
Refer to the exhibit:
Which SAS program produced the graph?
Which SAS program will correctly use backward elimination selection criterion within the REG procedure?
A marketing analyst assessed the effect of web page design (A, B, or C) on customers' intent to purchase an expensive product. The focus group was divided randomly into three sub-groups, each of which was asked to view one of the web pages and then give their intent to purchase on a scale from 0 to 100. The analyst also asked the customers to give their income, which was coded as: I (lowest), II (medium), or III (highest). After analyzing the data, the analyst claimed that there was significant interaction and the webpage design mainly influenced high income people.
Which graph supports the analyst's conclusion?
Consider scoring new observations in the SCORE procedure versus the SCORE statement in the LOGISTIC procedure.
Which statement is true?
Refer to the exhibit:
SAS output from the RSQUARE selection method, within the REG procedure, is shown. The top two models in each subset are given.
Based on the AIC statistic, which model is the champion model?