What type of profit can SAS Enterprise Miner calculate using a completed profit matrix?

SAS Enterprise Miner can calculate expected profit using a completed profit matrix because the expected profit takes into account the various scenarios, probabilities, and the potential financial outcomes associated with different classifications or predictions made by the model. The profit matrix is designed to weigh the potential profits and costs associated with different decision outcomes, allowing the system to estimate what the average outcome would be if the model were applied to a broader set of data.

The expected profit reflects a forward-looking metric based on probabilities and is thus utilized to guide decision-making based on model outputs. This aligns with analytics practices that leverage statistical models to project financial impacts based on historical data and defined business rules.

In contrast, average profit might suggest a simple mean of profits without considering probabilities or different decision impacts, summarized profit does not inherently take into account probabilities either, and actual profit refers to realizations from past data rather than projections. Therefore, expected profit is distinct in its predictive nature and relevance to model evaluation in SAS Enterprise Miner.