Question: Choose a variable that would be suitable for binning. It can be from the CPS Wage data set, the Real Estate data set or new

Choose a variable that would be suitable for binning. It can be from the CPS Wage data set, the Real Estate data set or new variable but it can't have been used previously in this brainstorm.

Why is that variable a good candidate for binning?

What are the "costs" of binning that variable?

How would you determine the bins? Would you likely use equi

-

depth, equi

-

width or business rules for the bins? Why?

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