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'. Using the AMPS Model to Address Accounting Questions 1. Ask the Question 2. Master the Data 3. Perform the Analysis 4. Share the Story

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'. Using the AMPS Model to Address Accounting Questions 1. Ask the Question 2. Master the Data 3. Perform the Analysis 4. Share the Story 'I. Project 1: Using the AMPS Model to Address the Question of Loan Repayment 1. Lending Club is a US based peer-to-peer lending company headquartered in San Francisco, California. 2. Lending Club facilitates both borrowing and lending by providing a platform for unsecured personal loans )etweeu $1,000 and $35,000. 3. Facilitates loans for either three or five years. A. Ask the Question 1. What borrower or loan characteristics are associated with loan repayment? Help company determine who :hould or should not receive a loan in the future. It may also help predict the risk associated with the loan, which will nuence the interest rate it should change. 3. Master the Data Step 1: 1. Dependent Variables 2. Potential Independent or Explanatory Variables Step 2: 1. Make sure that data is not missing. 2. Make sure there are no errors in the data. 3. Transform the non-numeric data into numeric data. a. Loan Status b. Employment Length c. Term of Loan

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