Estimating the ROC Curve and Its Significance for Classification Models' Assessment

Article presents a ROC (receiver operating characte istic) curve and its application for classification models’ asse ssment. ROC curve, along with area under the receiver operating characterist ic (AUC) is frequently used as a measure for the diagnostics in many industries including medicine, marketing, finance and technology. In this article, we discuss and compare estimation procedures, both parametric and non-para met ic, since these are constantly being developed, adjusted and extended.