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A high ROC AUC, such as 0.9 for example, might correspond to low values of precision and negative predictive value, such as 0.2 and 0.1 in the [0, 1] range. If one performed a binary classification, obtained an ROC AUC of 0.9 and decided to focus only on this metric, they might overoptimistically believe their binary test was excellent.
For example, gentamicin is an antibiotic that can be nephrotoxic (kidney damaging) and ototoxic (hearing damaging); measurement of gentamicin through concentrations in a patient's plasma and calculation of the AUC is used to guide the dosage of this drug. [3] AUC becomes useful for knowing the average concentration over a time interval, AUC/t.
Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
The measurement of economic worth over time is the problem of relating past prices, costs, values and proportions of social production to current ones. For a number of reasons, relating any past indicator to a current indicator of worth is theoretically and practically difficult for economists , historians , and political economists .
The Partial Area Under the ROC Curve (pAUC) is a metric for the performance of binary classifier. It is computed based on the receiver operating characteristic (ROC) curve that illustrates the diagnostic ability of a given binary classifier system as its discrimination threshold is varied.
The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics.In the 1980s it became progressively clearer that the standard neoclassical exogenous growth models were theoretically unsatisfactory as tools to explore long run growth, as these models predicted economies without technological change and thus they would ...
The absolute bioavailability is the dose-corrected area under curve (AUC) non-intravenous divided by AUC intravenous. The formula for calculating the absolute bioavailability, F, of a drug administered orally (po) is given below (where D is dose administered).
Free add-on to STATA to compute inequality and poverty measures; Free Online Software (Calculator) computes the Gini Coefficient, plots the Lorenz curve, and computes many other measures of concentration for any dataset; Free Calculator: Online and downloadable scripts (Python and Lua) for Atkinson, Gini, and Hoover inequalities