Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
3rd Edition
ISBN: 9781118729274
Author: Galit Shmueli, Peter C. Bruce, Nitin R. Patel
Publisher: WILEY
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Chapter 2, Problem 4P

Explanation of Solution

Given: Refer to table 2.6 as the randomly selected sample from a large bank database. The column named Personal Loan present in the table indicates if the request for the personal loan was accepted or not. The bank is planning for the same type of model that will recognize likely responders for the same kind of solicitation in the future.

To find: The next step for future indication and inspect the data carefully.

Solution:

In the randomly sampled table 2.6, the column named personal loan has 4 records with value 1, which indicates that the solicitation for the personal loan was accepted...

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