profit

Calculate Profit based on cost:margin ratio

The Radiant Model menu includes interfaces for linear and logistic
regression, naive Bayes, neural networks, classification and regression trees,
model evaluation, collaborative filtering, decision analysis, and simulation.
The application extends the functionality in 'radiant.data'.

Vincent Nijs

radiant.model

Model Menu for Radiant: Business Analytics using R and Shiny

profit function

<dl><dt>pred</dt>
<dd>Prediction or predictor</dd>
<dt>rvar</dt>
<dd>Response variable</dd>
<dt>lev</dt>
<dd>The level in the response variable defined as success</dd>
<dt>cost</dt>
<dd>Cost per treatment (e.g., mailing costs)</dd>
<dt>margin</dt>
<dd>Margin, or benefit, per 'success' (e.g., customer purchase). A cost:margin ratio of 1:2 implies
the cost of False Positive are equivalent to the benefits of a True Positive</dd></dl>

Arguments

Calculate Profit based on cost:margin ratio — profit

<dl>

<dt>pred</dt>
<dd>Prediction or predictor</dd>


<dt>rvar</dt>
<dd>Response variable</dd>


<dt>lev</dt>
<dd>The level in the response variable defined as success</dd>


<dt>cost</dt>
<dd>Cost per treatment (e.g., mailing costs)</dd>


<dt>margin</dt>
<dd>Margin, or benefit, per 'success' (e.g., customer purchase). A cost:margin ratio of 1:2 implies
the cost of False Positive are equivalent to the benefits of a True Positive</dd>

</dl>

profit: Calculate Profit based on cost:margin ratio

Description

Usage

Value

Arguments

Examples