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Suppose we collect suspicion of elder financial exploitation data for a group of bank clients. The observed variables are X 1 = Age of client

Suppose we collect suspicion of elder financial exploitation data for a group of bank clients. The observed variables are X1= Age of client in years, X2= a binary variable as to whether Power of Attorney has been granted to an agent (X2=1) or not (X2=0). X3= a binary variable as to whether, as indicated by a proprietorial algorithm, abnormal transaction behavior is evident on an account (X3=1) or not (X3=0). Outcome variable, Y, is equal to 1 if analysts suspect an instance of elder financial abuse and Y =0 if not.

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