Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunshine Bank is trying to decrease the losses of its personal loan department. Over the past 5 years the bank has collected several types of

  1. Sunshine Bank is trying to decrease the losses of its personal loan department. Over the past 5 years the bank has collected several types of data on its customers. This includes their age, their level of education, years of employment with current employer, years at current residence, household income, debt to income ratio, credit card debt and other types of debt of the customer. The bank has given these customers personal loans in the past and has a record of whether they have defaulted on this loan or not. Use the data in Bankloan_Model_Test_Data.sav to build a model to predict if a customer is likely to default or not. Once you have built the model, use it to predict which of the customers listed in Bankloan_Prediction_Data.sav are likely to default. Use probability of 0.5 as a cutoff. Please list the account numbers for the customers who are likely to default.

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

Trigonometry

Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson

2nd Edition

1285226089, 9781285226088

More Books

Students also viewed these Mathematics questions

Question

Pollution

Answered: 1 week ago

Question

The fear of making a fool of oneself

Answered: 1 week ago