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Classification Trees
The purpose of this assignment is to perform classification using
regression trees, interpret the results, and analyze w ...
Classification Trees
The purpose of this assignment is to perform classification using
regression trees, interpret the results, and analyze whether or not the
information generated can be used to address a specific business
problem.For this assignment, you will use the "Credit Card Defaults" data set
from the Topic Materials. Most data categories are self-explanatory.
Clarifying notes are as follows.Limit_Balance: Balance limit on the credit cardSex: GenderEducation: Highest level of education completedPay_Status1-3: Pay status in the previous 1 to 3 months, respectivelyPay_Amt_Prev1-3: Amount paid in the previous 1 to 3 months, respectivelyBill_Amt_Prev1-3: Amount billed in the previous 1 to 3 months, respectivelyDefault: Whether or not the individual defaulted on their credit card paymentYou are an analyst for a credit card company. Management wants to
know if there are any early signs that indicate whether customers will
default on their credit cards. If these indicators can be identified,
then more scrutiny can be placed on customer transactions in an effort
to avoid losses. The rules to detect the potential for default must be
simple enough for management to understand and easily implemented as
part of the early default flagging system. Your task is to determine the
indicators and communicate your findings to management.Question 1: Partition the data to create a training data set (70%) and test data set (30%).Question 2: Build a single classification
tree with the training data and Default as the target. Include the
"Default Tree Model" output when submitting the answer.Which variable(s) were used in the tree model?How would you use the model to predict whether or not the customer will default?What is the accuracy of the model when using the training and test
data? Include the "Misclassification Table" outputs when submitting the
answer.Consider the following individual: Limit_Balance=5000, Sex=Male,
Education=High School, Marital_Status=Married, Age=30, Pay_Status1=On
Time, Pay_Status2=On Time, Pay_Status3=2 Mths Late, Pay_Amt_Prev1=0,
Pay_Amt_Prev2=0, Pay_Amt_Prev3=0, Bill_Amt_Prev1=5000,
Bill_Amt_Prev2=2500, Bill_Amt_Prev3=100. Based on the classification
model, what is the predicted default outcome? Explain your answer.Question 3: Predicting a default correctly
is more important than predicting a nondefault outcome. Therefore, the
focus of the modeling process should be weighted toward predicting
defaults accurately. One way to do this is by increasing the cost of
misclassifying a true default.Rerun the model, but increase the cost of misclassifying a true
default by a factor of 5 vs. misclassifying a true nondefault as 1. Make
sure to set the minimum change in impurity to 0.01. Include the
"Default-weighted Tree Model" output when submitting the answer.Which variable(s) were used in the tree model?What is the accuracy of the model when using the training and test
data? Include the "Misclassification Table" outputs when submitting the
answer.Consider the following individual: Limit_Balance=5000, Sex=Male,
Education=High School, Marital_Status=Married, Age=30, Pay_Status1=On
Time, Pay_Status2=On Time, Pay_Status3=2 Mths Late, Pay_Amt_Prev1=0,
Pay_Amt_Prev2=0, Pay_Amt_Prev3=0, Bill_Amt_Prev1=5000,
Bill_Amt_Prev2=2500, Bill_Amt_Prev3=100. Based on the classification
model, what is the predicted default outcome? Explain your answer.Question 4: Based on the two classification tree models, which one should be used if the goal is to more accurately predict defaulters?Question 5: Based upon your analysis, what
are the indicators of whether or not customers will default on their
credit cards? Discuss how management can use this information as part of
the early default flagging system. Present your finding in the form of a
250-word executive summary that includes relevant data, charts, and
tables to validate the conclusions presented.General Requirements:Submit the answers to Questions 1-4 and the executive summary as Word documents.APA format is not required, but solid academic writing is expected.This assignment uses a grading rubric. Please review the rubric prior
to beginning the assignment to become familiar with the expectations
for successful completion.
10 pages
Smart Parking Space App
• Caused by time wastage while looking for a parking space. Some part of the day have high occupancy rates Some part ...
Smart Parking Space App
• Caused by time wastage while looking for a parking space. Some part of the day have high occupancy rates Some parts of the day have low occupancy ...
The theory of Constraints Discussion questions
Discussion post, does not need to be longRead the article "IS TOC FOR YOU?" concerning the Theory of Constraints and comme ...
The theory of Constraints Discussion questions
Discussion post, does not need to be longRead the article "IS TOC FOR YOU?" concerning the Theory of Constraints and comment on the following questions:How might the theory of constraints be implemented in an Activity Based Management organization?How does the Theory of Constraints relate to continuous improvement?One complaint about the Theory of Constraints is its short-term focus. Do you feel this is detrimental? Why? Is there a way to give it a more long-term focus?What is your reaction to the concept of all costs other than direct materials are fixed?
4 pages
Cvp Graphs
Explain how the CVP graphs would change if the providers were operating in a discounted If the providers were working in a ...
Cvp Graphs
Explain how the CVP graphs would change if the providers were operating in a discounted If the providers were working in a discounted fee-for-service ...
Accountability Issue in Public and Nonprofit Organizations Discussion
Accountability means, literally, to give an accounting. It implies answerability and responsibility and is important t ...
Accountability Issue in Public and Nonprofit Organizations Discussion
Accountability means, literally, to give an accounting. It implies answerability and responsibility and is important to all organizations. Accountability is particularly important in government organizations, as they receive funding from the collected taxes of the people they serve. For example, employees working in all levels of the government are accountable to a number of actors within the political system: to the citizenry for discerning, understanding, weighing citizens’ preferences, demands and interests; to elected officials for implementing public polices; and to immediate supervisors within their organizations for carrying out directives and meeting organizational goals. In carrying out their duties and responsibilities, public administrators are expected to be efficient, effective, and productive as well as honest, beneficent, fair, and just. Balancing these competing values and demands from various actors in meeting our administrative responsibilities can be difficult and lead to ethical dilemmas.
In this sense, audits and program evaluations compare an organization’s actions and results to an established code, standards, or parameters. Audits and evaluations also illustrate the “openness” of the American system of government to support government agencies and public administrators. This practice encourages leaders to operate with integrity while carrying out policy goals efficiently and effectively.In this Discussion, you will examine a specific accountability issue that relates to a public or nonprofit organization or public official. Next, you will compare the type of audit and evaluation that can be implemented to support greater accountability and transparency for this particular organization or public official. Please identify the selected issue and include the audit and evaluation process, with the purpose, function and how these processes support accountability of leadership.Support your discussion with specific references to all resources used in its preparation. Use correct APA formatting for all resources.With these thoughts in mind:Post by Day 3 a brief description of the accountability issue in the example you selected. Explain the challenges associated with the increasing emphasis on accountability in public administration as it relates to the example you selected.
The Meaning of Spirituality Discussion
What would spirituality be according to your own worldview? How do you believe that your conception of spirituality would ...
The Meaning of Spirituality Discussion
What would spirituality be according to your own worldview? How do you believe that your conception of spirituality would influence the way in which you care for patients?
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Most Popular Content
Classification Trees
The purpose of this assignment is to perform classification using
regression trees, interpret the results, and analyze w ...
Classification Trees
The purpose of this assignment is to perform classification using
regression trees, interpret the results, and analyze whether or not the
information generated can be used to address a specific business
problem.For this assignment, you will use the "Credit Card Defaults" data set
from the Topic Materials. Most data categories are self-explanatory.
Clarifying notes are as follows.Limit_Balance: Balance limit on the credit cardSex: GenderEducation: Highest level of education completedPay_Status1-3: Pay status in the previous 1 to 3 months, respectivelyPay_Amt_Prev1-3: Amount paid in the previous 1 to 3 months, respectivelyBill_Amt_Prev1-3: Amount billed in the previous 1 to 3 months, respectivelyDefault: Whether or not the individual defaulted on their credit card paymentYou are an analyst for a credit card company. Management wants to
know if there are any early signs that indicate whether customers will
default on their credit cards. If these indicators can be identified,
then more scrutiny can be placed on customer transactions in an effort
to avoid losses. The rules to detect the potential for default must be
simple enough for management to understand and easily implemented as
part of the early default flagging system. Your task is to determine the
indicators and communicate your findings to management.Question 1: Partition the data to create a training data set (70%) and test data set (30%).Question 2: Build a single classification
tree with the training data and Default as the target. Include the
"Default Tree Model" output when submitting the answer.Which variable(s) were used in the tree model?How would you use the model to predict whether or not the customer will default?What is the accuracy of the model when using the training and test
data? Include the "Misclassification Table" outputs when submitting the
answer.Consider the following individual: Limit_Balance=5000, Sex=Male,
Education=High School, Marital_Status=Married, Age=30, Pay_Status1=On
Time, Pay_Status2=On Time, Pay_Status3=2 Mths Late, Pay_Amt_Prev1=0,
Pay_Amt_Prev2=0, Pay_Amt_Prev3=0, Bill_Amt_Prev1=5000,
Bill_Amt_Prev2=2500, Bill_Amt_Prev3=100. Based on the classification
model, what is the predicted default outcome? Explain your answer.Question 3: Predicting a default correctly
is more important than predicting a nondefault outcome. Therefore, the
focus of the modeling process should be weighted toward predicting
defaults accurately. One way to do this is by increasing the cost of
misclassifying a true default.Rerun the model, but increase the cost of misclassifying a true
default by a factor of 5 vs. misclassifying a true nondefault as 1. Make
sure to set the minimum change in impurity to 0.01. Include the
"Default-weighted Tree Model" output when submitting the answer.Which variable(s) were used in the tree model?What is the accuracy of the model when using the training and test
data? Include the "Misclassification Table" outputs when submitting the
answer.Consider the following individual: Limit_Balance=5000, Sex=Male,
Education=High School, Marital_Status=Married, Age=30, Pay_Status1=On
Time, Pay_Status2=On Time, Pay_Status3=2 Mths Late, Pay_Amt_Prev1=0,
Pay_Amt_Prev2=0, Pay_Amt_Prev3=0, Bill_Amt_Prev1=5000,
Bill_Amt_Prev2=2500, Bill_Amt_Prev3=100. Based on the classification
model, what is the predicted default outcome? Explain your answer.Question 4: Based on the two classification tree models, which one should be used if the goal is to more accurately predict defaulters?Question 5: Based upon your analysis, what
are the indicators of whether or not customers will default on their
credit cards? Discuss how management can use this information as part of
the early default flagging system. Present your finding in the form of a
250-word executive summary that includes relevant data, charts, and
tables to validate the conclusions presented.General Requirements:Submit the answers to Questions 1-4 and the executive summary as Word documents.APA format is not required, but solid academic writing is expected.This assignment uses a grading rubric. Please review the rubric prior
to beginning the assignment to become familiar with the expectations
for successful completion.
10 pages
Smart Parking Space App
• Caused by time wastage while looking for a parking space. Some part of the day have high occupancy rates Some part ...
Smart Parking Space App
• Caused by time wastage while looking for a parking space. Some part of the day have high occupancy rates Some parts of the day have low occupancy ...
The theory of Constraints Discussion questions
Discussion post, does not need to be longRead the article "IS TOC FOR YOU?" concerning the Theory of Constraints and comme ...
The theory of Constraints Discussion questions
Discussion post, does not need to be longRead the article "IS TOC FOR YOU?" concerning the Theory of Constraints and comment on the following questions:How might the theory of constraints be implemented in an Activity Based Management organization?How does the Theory of Constraints relate to continuous improvement?One complaint about the Theory of Constraints is its short-term focus. Do you feel this is detrimental? Why? Is there a way to give it a more long-term focus?What is your reaction to the concept of all costs other than direct materials are fixed?
4 pages
Cvp Graphs
Explain how the CVP graphs would change if the providers were operating in a discounted If the providers were working in a ...
Cvp Graphs
Explain how the CVP graphs would change if the providers were operating in a discounted If the providers were working in a discounted fee-for-service ...
Accountability Issue in Public and Nonprofit Organizations Discussion
Accountability means, literally, to give an accounting. It implies answerability and responsibility and is important t ...
Accountability Issue in Public and Nonprofit Organizations Discussion
Accountability means, literally, to give an accounting. It implies answerability and responsibility and is important to all organizations. Accountability is particularly important in government organizations, as they receive funding from the collected taxes of the people they serve. For example, employees working in all levels of the government are accountable to a number of actors within the political system: to the citizenry for discerning, understanding, weighing citizens’ preferences, demands and interests; to elected officials for implementing public polices; and to immediate supervisors within their organizations for carrying out directives and meeting organizational goals. In carrying out their duties and responsibilities, public administrators are expected to be efficient, effective, and productive as well as honest, beneficent, fair, and just. Balancing these competing values and demands from various actors in meeting our administrative responsibilities can be difficult and lead to ethical dilemmas.
In this sense, audits and program evaluations compare an organization’s actions and results to an established code, standards, or parameters. Audits and evaluations also illustrate the “openness” of the American system of government to support government agencies and public administrators. This practice encourages leaders to operate with integrity while carrying out policy goals efficiently and effectively.In this Discussion, you will examine a specific accountability issue that relates to a public or nonprofit organization or public official. Next, you will compare the type of audit and evaluation that can be implemented to support greater accountability and transparency for this particular organization or public official. Please identify the selected issue and include the audit and evaluation process, with the purpose, function and how these processes support accountability of leadership.Support your discussion with specific references to all resources used in its preparation. Use correct APA formatting for all resources.With these thoughts in mind:Post by Day 3 a brief description of the accountability issue in the example you selected. Explain the challenges associated with the increasing emphasis on accountability in public administration as it relates to the example you selected.
The Meaning of Spirituality Discussion
What would spirituality be according to your own worldview? How do you believe that your conception of spirituality would ...
The Meaning of Spirituality Discussion
What would spirituality be according to your own worldview? How do you believe that your conception of spirituality would influence the way in which you care for patients?
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