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Bootstraping in Direct Marketing: Bruce Ratner, Ph.D. A New Approach for Validating Response Models Traditional validation of a response model is based on a 'hold-out' sample, which consists of individuals who are not part of the sample used in building the model itself. The validation results are probably biased and definitely incomplete - unless a resampling method is used. This article points to the weaknesses of the traditional validation, and then presents a new approach for validating response models using the bootstrap. Related Articles: 1. Creating A Bootstrap Sample 2. When Data Are Too Large to Handle in the Memory of Your Computer 3. A Simple Bootstrap Variable Selection Method for Building Database Marketing Models 1 800 DM STAT-1, or e-mail at br@dmstat1.com. |
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