Question
How to get started: - **Explore**: What are the jobs of the people most likely to subscribe to a term deposit? - **Visualize**:MAKE a plot
How to get started:
- **Explore**: What are the jobs of the people most likely to subscribe to a term deposit?
- **Visualize**:MAKE a plot to visualize the number of people subscribing to a term deposit by `month`.
- **Analyze**: What impact does the number of contacts performed during the last campaign have on the likelihood that a customer subscribes to a term deposit?
**Scenarios are broader questions to help you develop an end-to-end project for portfolio:**
You work for a financial services firm. The past few campaigns have not gone as well as the firm would have hoped, and they are looking for ways to optimize their marketing efforts.
They have supplied you with data from a previous campaign and some additional metrics such as the consumer price index and consumer confidence index. They want to know whether you can predict the likelihood of subscribing to a term deposit.The manager would also like to know what factors are most likely to increase a customer's probability of subscribing.
You will need to make a report in ms excel that is accessible to a broad audience. It should outline your motivation, steps, findings, and conclusions.
References:
Citations:
- S. Moro, P. Cortez and P. Rita. A Data-Driven Approach to Predict the Success of Bank Telemarketing. Decision Support Systems, Elsevier, 62:22-31, June 2014
- S. Moro, R. Laureano and P. Cortez. Using Data Mining for Bank Direct Marketing: An Application of the CRISP-DM Methodology. In P. Novais et al. (Eds.), Proceedings of the European Simulation and Modelling Conference - ESM'2011, pp. 117-121, Guimaraes, Portugal, October, 2011. EUROSIS.
- DataCamp:https://app.datacamp.com/workspace/w/d7a77599-4828-4183-8429-2e7fcfad4069/edit
Appendix: Variable explanations
ge | age of customer | |
job | type of job | categorical: "admin.","blue-collar","entrepreneur","housemaid","management","retired","self-employed","services","student","technician","unemployed","unknown" |
marital | marital status | categorical: "divorced","married","single","unknown"; note: "divorced" means divorced or widowed |
education | highest degree of customer | categorical: "basic.4y","basic.6y","basic.9y","high.school","illiterate","professional.course","university.degree","unknown" |
default | has credit in default? | categorical: "no","yes","unknown" |
housing | has housing loan? | categorical: "no","yes","unknown" |
loan | has personal loan? | categorical: "no","yes","unknown" |
contact | contact communication type | categorical: "cellular","telephone" |
month | last contact month of year | categorical: "jan", "feb", "mar", ..., "nov", "dec" |
day_of_week | last contact day of the week | categorical: "mon","tue","wed","thu","fri" |
campaign | number of contacts performed during this campaign and for this client | numeric, includes last contact |
pdays | number of days that passed by after the client was last contacted from a previous campaign | numeric; 999 means client was not previously contacted |
previous | number of contacts performed before this campaign and for this client | numeric |
poutcome | outcome of the previous marketing campaign | categorical: "failure","nonexistent","success" |
emp.var.rate | employment variation rate - quarterly indicator | numeric |
cons.price.idx | consumer price index - monthly indicator | numeric |
cons.conf.idx | consumer confidence index - monthly indicator | numeric |
euribor3m | euribor 3 month rate - daily indicator | numeric |
nr.employed | number of employees - quarterly indicator | numeric |
y | has the client subscribed a term deposit? | binary: "yes","no" |
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