Imagine that you and your classmates are a research team developing an improved process for evaluating loan applicants for automobile purchases. The goal of the research is to predict which applicants will become delinquent or for feit their loan. Those who score well on the application will be accepted, and those who score exceptionally well will be considered for lower-rate loans. Prepare a brief report for your instructor addressing these questions:

a. What data do you need for each loan applicant?

b. What data might you need that is not typically requested on a loan application form?

c. Where might you get this data?