Interpreting measures of accuracy for classification tree
I would like to know if the misclassification rate I am getting is acceptable. Whare ranges are considered acceptable? How do I relate this rate to the confusion matrix results? In essence, I am trying to evaluate and explain my results. In addition, how do I know if the Lift Curve resulls I am getting are also acceptable? Is there a range, which can be deemed as acceptable or good?
deu4455