Receiver Operating Characteristics

Receiver Operating Characteristics (ROC) is a method for experimenting with changes in the probability threshold and observing the resultant effect on the predictive power of the model.

ROC curves are similar to lift charts in that they provide a means of comparison between individual models, and then determine thresholds that yield a high proportion of positive hits. ROC was originally used in signal detection theory to gauge the true hit versus false alarm ratio when sending signals over a noisy channel.