Showing posts with label Association Rule Mining. Show all posts
Showing posts with label Association Rule Mining. Show all posts

Tuesday, October 1, 2013

Need Support to Lift with Confidence

Brace up terminologies coming your way...

Support: A measure of the prevalence of an event x in a given set of N data points. Support is effectively a first level indicator of something occurring frequent enough (say greater than 10% of the times) to be of interest.

In the case of two correlated events x & y,

Confidence: A measure of predictability of two events occurring together. Once confidence is above a certain threshold (say 70%), it means the two events show up together often enough to be used for rules/ decision making, etc.

Lift: A measure of the power of association between two events. For an event y that has occurred, how much more likely is event y to occur once it is known that event x has occurred