Question: 5.13 Logistic regression is often applied to large financial databases. For example, credit scoring is a method of modeling the influence of predictors on the

5.13 Logistic regression is often applied to large financial databases. For example, credit scoring is a method of modeling the influence of predictors on the probability that a consumer is credit worthy. The data archive found under the index at www.stat.uni-muenchen.de for a textbook by L. Fahrmeir and G. Tutz

(Multivariate Statistical Modelling Based on Generalized Linear Models, 2001) contains such a data set that includes 20 predictors for 1000 observations.

Build a model for credit-worthiness, using the predictors running account, duration of credit, payment of previous credits, intended use, gender, and marital status, explaining how you chose a final model.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Categorical Data Analysis Questions!

Logistic regression is applied increasingly to large financial databases, such as for credit scoring to model the influence of predictors on whether a consumer is creditworthy. The data archive found...

Could you please explain the findings of the study? A systematic review shows no performance benefit of machine learning over logistic regression for clinical prediction models Evangelia...

( technology forecasting) can u tell me what method/ model used in this report, need only two. choose from this one https://pdfs.semanticscholar.org/fede/a35685428f15a3a7a32db5b96f232e0dcda3.pdf?_ga=...

Done Green entrepren... Q g [D 14 @ M. D. VASILESCU ET AL. Green entrepreneurship Supplysilo . Demand-side Political and [actors \"\"0\" economic context ngement Figure 3. The influencing factors of...

Help with writing a short analytical summary of 150-200 words on each of the 2 articles below. Article 1: Exploring community-based options for reducing youth crime. The BackTrack program was...

Which business analytics model(s) is used? Briefly justify why this paper's analysis should be considered as the business analytics model(s) you have selected. Provide as much information as you can...

I need to see the SPSS output. You need to have all z-scores, all charts, all descriptives data from SPSS, everything you used to answer the questions. I am sending you what the previous tutor sent...

Ashford 5: - Week 4 - Assignment Principles of Effective Intervention There are four general principles of effective intervention that have become organizing concepts of community corrections. They...

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

Chapter 7:7.2 #2 (p. 168) Chapter 8:8.2 #3 (p. 205) Chapter 9:9.2 #1 (p. 225) a., b., and c. (for c., only answer the adjustable rate mortgage part Chapter 7 from Personal Finance was adapted by The...

You are the manager in the audit of Vernal Manufacturing Company and are turning your attention to the income statement accounts. The in-charge auditor assessed control risk for all cycles as low,...

A trial experiment has only three outcomes 0,1,2.The occurence probability of 0 is 0.6 and the occurence probability of 1 is 0.3 in 6 independent trials, the probability that 1 and 2 both occur...

David R . Holder, born April 2 5 , 1 9 9 0 , is a single taxpayer who works as a clerk at the local Bass Pro Shop. He lives at 3 7 Whitetail Ave, Winterset, Iowa. His Social Security number is 9 4 5...

Companies around the globe have moved to, or are in the process of moving to, IFRS. Evidence has shown that it is preferable to adopt IFRS in its entirety, with no deviations from the standards. This...

Explain the reasoning behind the following statement: In studies about a very diverse population, large samples are often necessary, whereas for more homogeneous populations smaller samples are often...

You randomly sample five students at your school to estimate the proportion of students who like tofu. All five students say they like it. a. Find the sample proportion who like it. b. Find the...

A pharmaceutical company proposes a new drug treatment for alleviating symptoms of PMS (premenstrual syndrome). In the first stages of a clinical trial, it was successful for 7 out of 10 women. a....

Boulware Company's budgeted production calls for 5,900 units in October and 8,900 units in November. Each unit requires 9 pounds (lbs.) of raw material A. Each month's ending inventory of raw...

3.3 Determine the output of the following program? Complete the values of each variable at the boxes below (5 points). #include int foo(int *a, int b); main foo int main(void) { int a 5, b = 1, *z; z...

Interpreting Information in the Statement of Shareholders' Equity The 2014 statement of stockholders' equity for Walt Disney Co. is presented below. (Disney includes both par value and additional...