What Is Cross-Validation

question 14

Multiple Choice

What is cross-validation?

• A)It is the assessment of a model's level of errors across different samples, which is useful as it allows us to assess how many errors there might be in a model using different samples.
• B)It is the comparison of your findings with the work of others, using the same data.
• C)It is the use of theoretical literature to build your valid data model.
• D)It is the assessment of a model's accuracy across different samples, which is useful as it allows us to assess how well our model might predict the outcome in different samples.

---

Definitions:

Customer Measures

Metrics or indicators used to evaluate the satisfaction, loyalty, retention, and acquisition of customers within a business.

Internal Business Process Measures

Metrics used to evaluate and improve the efficiency and effectiveness of a company's internal operations.

Learning and Growth Measures

are metrics used to evaluate the effectiveness of strategies aimed at creating long-term value through employee development and organizational improvement.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization by monitoring performance against strategic goals.