a. Explain how to interpret the numbers in this model.

Predictive analytics is used to predict the future by reviewing historical data, looking at patterns and relationships of the data then applying the relationships. This allows the bank to predict the balances by applying the numbers in the formula. This problem has three variables. Those variables are age, years of education and household wealth.

b. Suppose that a customer is 32 years old, is a college graduate, and has a household wealth of $150,000. What is the predicted bank balance?