Keynote: Evaluating Model Performance Metrics: How to Evaluate Business Impact
Tuesday, June 20, 2023
Red Rock Ballroom H
Understanding how to evaluate the performance of a model is fundamental to the work of Decision Science professionals. Often, metrics used to evaluate model performance are deployed based on theory and that might not, necessarily, holistically explain the models applied benefit, or lack thereof, to the business. This session will evaluate the trade off between model performance metrics and making business impact. What is good enough?