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Evaluate Model Calibration

HardModel Evaluation00:00
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Your question is Evaluate Model Calibration. Take a moment with it on the right.

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Problem

Scenario

You have a model that ranks cases well, but the team is asking whether its predicted probabilities can be trusted. The scores are used to decide when to auto-approve, route to review, or hold back a decision. You need to judge whether the model is well calibrated.

Question

How would you evaluate whether a model is well calibrated?