Business value calculation
Recall that you can determine your model's business value by either directly calculating it using a performance calculator or estimating it with the CBPE algorithm. In the last video, we also delved into how these algorithms work behind the scenes.
Now, using the provided confusion matrix and business value matrix shown in the image below, you need to calculate the monetary value of the model.
This exercise is part of the course
Monitoring Machine Learning in Python
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
