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I am using regression model to predict values I have. How can evaluate the accuracy of prediction model (I'd like to see how the accuracy of predicted values).

I found different metrics, but it's only used with discrete data.

  • Classification report
  • Accuracy score
  • Confusion matrix

Now, I can generate the summary using .summary() function. As an example here , it's nearly the same in R/Python;

I'd like to evaluate the performance, how good and accurate the predicted values that I got using GLM (with Binomial families ).

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You could use pseudo R-squared measures, such as Nagelkerke, for an overview see:

http://www.ats.ucla.edu/stat/mult_pkg/faq/general/Psuedo_RSquareds.htm

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  • $\begingroup$ Correct me if I am wrong. If I understand it very well. R-squared is always between 0 and 100%: - 0% indicates that the model is extremely bad. - 100% indicates that the model explains all the variability of the response data around its mean ==> extremely good. $\endgroup$
    – user3378649
    Commented Apr 25, 2014 at 13:16
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    $\begingroup$ That seems right, except that a % interpretation is more difficult in the pseudo-R-squared case. It's okay in the linear case, where the ratio is explained against total variance. $\endgroup$
    – tomka
    Commented Apr 28, 2014 at 12:28

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