Practical Machine Learning Tutorial: Part.4 (Model Evaluation-2)

In this part, we will elaborate on more model evaluation metrics specifically for multi-class classification problems. Learning curves will be discussed as a tool to come up with an idea of how to trade-off between bias and variance in the model parameter selection. ROC curves for all classes in a specific model will be shown to see how false and true positive rate varies through the modeling process. Finally, we will select the best model and examine its performance on blind well data(data that was not involved in any of the processes up to now). This post is the fourth part(final) of part1, part2, part3.