Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An analyst working for a large bank created a decision tree model that can be used to predict a potential borrower's likelihood of defaulting on

An analyst working for a large bank created a decision tree model that can be used to predict a potential borrower's likelihood of defaulting on the loan. Another analyst recommended that other models (such as k-nearest neighbors, etc.) might be more accurate. Bank management, however, wanted to continue to use the decision tree, even if other algorithms were more accurate. What is the likely explanation for the management's view? Group of answer choices It would probably be too expensive to change models. Management did not believe that other models could be more accurate. Management believed that the decision tree would be easier to understand and communicate. Bank managers are notoriously resistant to change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Business Management

Authors: Lokyie Lomine, Martin Mwenda Muchena, Robert Pierce

1st Edition

1382016832, 978-1382016834

More Books

Students also viewed these General Management questions

Question

What constitutes an agreement?

Answered: 1 week ago