Question
Background In the modern world, customer details are very important to suggest any product for buying. Gender, age and education have impact on level of
Background In the modern world, customer details are very important to suggest any product for buying. Gender, age and education have impact on level of consumption of different products. So, it is essential for businesses to analyse their customer details to better understand consumer behaviour and their impact on various products.
Dataset filename: Customer relationship marketing (CRM).csv - (https://github.com/sovikc/SIT720_A4_Dataset/blob/main/Customer%20relationship%20marketing%20(CRM).csv)
Dataset description: This dataset includes data on customer details and their response to buy any products. The data contains 20 attributes and 9134 records. Features and labels:
The attribute names are listed below.
I. State
II. Customer Lifetime Value
III. Response
IV. Coverage
V. Education
VI. Effective To Date
VII. EmploymentStatus
VIII. Gender
IX. Income
X. Location Code
XI. Marital Status
XII. Monthly Premium Auto
XIII. Months Since Last Claim
XIV. Number of Open Complaints
XV. Number of Policies * Policy
XVI. Renew Offer Type
XVII. Sales Channel
XVIII. Total Claim Amount
XIX. Vehicle Class
QUESTION
Create three supervised machine learning (ML) models except any ensemble approach for predicting customer response.
- Report performance score using a suitable metric. Is it possible that the presented result is an overfitted one? Justify.
- Justify different design decisions for each ML model used to answer this question.
- Have you optimised any hyper-parameters for each ML model? What are they? Why have you done that? Explain.
- Finally, make a recommendation based on the reported results and justify it
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