Question
A bank likes to be able to decide on 3 interest rates for new loan applicants as follows: an interest ra te of 5 %
A bank likes to be able to decide on 3 interest rates for new loan applicants as follows: an interest rate of 5% for high risk applicants, an interest rate of 4% for average risk applicants, and an interest rate pf 3% for low risk applicants. You are in charge of this project. Provide comprehensive end-to-end data analytics plan for this project. Include all the necessary steps from the beginning to the end. Make any necessary assumptions and define notations. Give a comprehensive description of the algorithm(s) as well as the related formulas you will use for this project. Provide a detail description of the algorithm and how does it work. Please put your answer in the format of Step 1, Step 2
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