classification and prediction models of performance

[ajsa]

Hi David,

Could you give me the definitions and differences of classification models and prediction models?

it seems ROC and CAP did not appear in this year's AIMs, are they required?

Also the next AIM "Discuss the important factors in the choice of a particular class of model"
does it mean the "class" is classification vs. prediction? why do we have to choose one? cannot we use both of them at the same time? are they mutual exclusive? (the previous AIM is to discuss the tradeoff between classification models and prediction models, so it seems they are mutual exclusive?)

thanks,

 

[ajsa]

Hi Divid,

Could you take a look this question. I have found it is quite confusing.

Thanks.