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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

ElegantJ BI

Let’s look at two examples: Based on the historical data related to credit card payments, loan payments, delinquency rate, outstanding balance we want to classify/divide the customers into those who default and those who do not default. a bank needs to classify customers into those that will default and those that will not default.

Banking 162
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What is FP Growth Analysis and How Can a Business Use Frequent Pattern Mining to Analyze Data?

ElegantJ BI

Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions. The business can develop promotions and offers, e.g., “Buy this and get this free” or “Buy this and get % off on another product”.

Banking 130
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What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

Business Problem: A bank loans officer wants to predict if loan applicants will be a bank defaulter or non defaulter based on attributes such as loan amount, monthly installments, employment tenure, how many times has the applicant been delinquent, annual income, debt to income ratio etc. Use Case – 1.

Logistics 130
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What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

ElegantJ BI

Business Problem: A bank wants to group loan applicants into high/medium/low risk based on attributes such as loan amount, monthly installments, employment tenure, the number of times the applicant has been delinquent in other payments, annual income, debt to income ratio etc. Use Case – 2.

Banking 130
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What is KNN Classification and How Can This Analysis Help an Enterprise?

ElegantJ BI

KNN Classification analysis can be useful in evaluating many types of data. Credit/Loan Approval Analysis – Given a list of client transactional attributes, the business can predict whether a client will default on a bank loan. Weather Prediction – Based on temperature, humidity, pressure etc., Use Case – 1.

Banking 130
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What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

Use Case – 1 Business Problem: A bank loans officer wants to predict if loan applicants will be a bank defaulter or non defaulter based on attributes such as loan amount, monthly installments, employment tenure, how many times has the applicant been delinquent, annual income, debt to income ratio etc.

Logistics 130
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What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

Use Case – 1 Business Problem: A bank loans officer wants to predict if loan applicants will be a bank defaulter or non defaulter based on attributes such as loan amount, monthly installments, employment tenure, how many times has the applicant been delinquent, annual income, debt to income ratio etc.

Logistics 130