You are creating a regression model with the input income, education and current debt of a customer, what could be the possible output from this model.

The correct answer is C. expressed as a percent, that the customer will default on a loan. Regression is the process of using several inputs to produce one or more outputs. For example The input might be the income, education and current debt of a customer The output might be the probability, expressed as a percent that the customer will default on a loan. Contrast…

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Question

Options

ACustomer fit as a good
BCustomer fit as acceptable or average category
Cexpressed as a percent, that the customer will default on a loan
D1 and 3 are correct
E2 and 3 are correct

How the community answered

(34 responses)

A
15% (5)
B
6% (2)
C
74% (25)
D
3% (1)
E
3% (1)

Explanation

Regression is the process of using several inputs to produce one or more outputs. For example The input might be the income, education and current debt of a customer The output might be the probability, expressed as a percent that the customer will default on a loan. Contrast this to classification where the output is not a number, but a class.

Topics

#regression model#model output#loan default prediction

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