I'm trying to do permutation tests and Monte Carlo Cross Validations with the Iris sample dataset as a MWE for our dataset. I'm not sure if I'm doing things and interpreting output correctly.
1) Create New Formula Column (Random->Sample Without Replacement) for the Species Column for Permutation Test.
2) Create a Validation Column (0.75/0.25 split) and a new Formula Column (Random->Sample Without Replacement) using this for Monte Carlo Cross Validation
mjmg_0-1638371838261.png
3) Run the Discriminant Platform with the Validation column and display the ROC curves. Use the Simulate Platform on the Area of the ROC Curve
mjmg_3-1638372772720.png
4.1) For the Permutation Test-Select Species as column to switch out and Shuffle[Species] as column to Switch In. Enter the desired number of random sampling and random seed and run the simulation.
mjmg_1-1638372281372.png
4.2) View the Distributions script and take note of the empirical p-value.
mjmg_2-1638372528310.png
5.1) For the Monte Carlo Cross Validation-Select Validation as column to switch out and Shuffle[Validation] as column to Switch In. Enter the desired number of random sampling and random seed and run the simulation.
mjmg_4-1638372900805.png
5.2) View the Distributions script and take note of the empirical p-value.
mjmg_5-1638373060746.png
6) Assuming what I did is correct (testing the Area of ROC curve), the low p-value from the Permutation test is expected, but what about the large p-value for the Monte Carlo cross validation? How should this be interpreted?
Thanks