8. What is its Positive Predictive Value (PPV) of the forecasting model using Eggertopia scores?
Hint: To calculate the PPV, divide the portion of True Positives by the total number of Positive Classifications. Review confusion matrix definitions and letter designations on the Information Gain Spreadsheet, [PPV is defined at Cell G41], obtain True Positive and False Positive Rates from the AUC Calculator Spreadsheet, and use algebra to solve.
Information Gain Calculator.xlsx