What is ROC curve?
The ROC curve (receiver operating characteristic) shows how well a classification model separates two classes. For every possible decision threshold it plots the true positive rate (recall) against the false positive rate. The closer the curve reaches towards the top-left corner, the better; the diagonal corresponds to pure guessing. The area under it (AUC) summarises the curve in a single number and helps, for example, when comparing different fraud detection models.