How do you measure lift and confidence in rule mining?
Rule mining is a data mining technique that discovers patterns and associations among items or variables in a dataset. For example, you might use rule mining to find out what products are frequently bought together, or what factors influence customer satisfaction. But how do you measure the quality and relevance of the rules you find? Two common metrics are lift and confidence. In this article, you will learn what they are, how they are calculated, and how they can help you evaluate and compare rules.
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Calculating confidence:To measure how often a rule proves true, divide the number of transactions with both antecedent and consequent by those with only the antecedent. This percentage will tell you how reliable your rule is.
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Question associations:Remember, seeing two things together doesn't mean one causes the other. Dig deeper for external proof before drawing conclusions from your data to ensure you're making informed decisions.