Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

An analyst employed at an insurance company developed a k-NN classification model using data from their existing customers to predict which customers were likely to

An analyst employed at an insurance company developed a k-NN classification model using data from their existing customers to predict which customers were likely to churn (i.e., move to a competitor) or stay loyal (i.e., continue as customer). To improve the performance of the model, the analyst further developed a RapidMiner process, utilising a relevant Loop operator to identify an optimal value of the hyper parameter k for the classifier. The analyst obtained the following results from RapidMiner for this optimisation process (see below).

iteration

k-NN.k

accuracy

kappa

0

63

0.705686

0.214989

1

87

0.67893

0.098436

2

57

0.70903

0.231135

3

8

0.67893

0.179604

4

23

0.688963

0.17811

5

49

0.688963

0.188188

6

19

0.692308

0.184417

7

98

0.688963

0.12372

8

57

0.70903

0.231135

9

95

0.695652

0.153765

10

7

0.688963

0.198022

11

70

0.705686

0.19481

12

25

0.695652

0.190762

13

41

0.695652

0.190762

14

20

0.685619

0.171843

15

4

0.682274

0.218634

16

15

0.692308

0.174132

17

9

0.675585

0.158431

18

28

0.692308

0.179307

19

29

0.698997

0.202147

  1. With reference to the results and your knowledge of predictive model optimisation, identify the specific optimisation approach that the analyst followed. Explain your answer.

2 Discuss typical strengths of the optimisation approach identified in (a) above.

3 Discuss typical weaknesses of the optimisation approach identified in (a) above.

4 Suggest an appropriate alternative optimisation approach that analyst could follow. Explain your answer.

5 With reference to the results, what is the optimal value of the hyper parameter? Explain your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

Students also viewed these Mathematics questions