"Interpreting Lift Charts"
I used the Auto-model to predict a weather (snow) using five suggested different models. One of the outputs for each model was the Lift chart which I cannot interpret. I have five different lift charts I need first to understand the chart and then to find a way in comparing them.
For that, firstly, I need a help in how to interpret this chart, what the axes mean, what each point on the cumulative coverage of weather mean? and what is the correct confidence segments mean?
Secondly, if I have many Lift charts due to using of different models, how can I compare between them?
Thanks for your help.