Random forest:https://drive.google.com/file/d/1Uqca00Ikx38uzhiWvjd63KpzzZBF7YdP/view?usp=sharing

Discussion #7.2 (Module 7.B.) - Group B

Regarding the random forest methodology...

Question 1

This first question refers to the three-tree random forest in Exhibits 1 - 3 of Mini-Lecture: The Random Forest. The credit card company has just received an application for a credit card. Here is the information about the applicant: He does not own his home, has two other accounts open with the company, is classified as medium income with household size of three. What is the applicant's predicted average (over the last three months) monthly charges to the credit card?

Explain in detailand show your algebra for full credit.

Question 2.

Our second question involves the three-tree random forest in Exhibits 4 - 6 of Mini-Lecture: The Random Forest. Here is information from a new loan application: NetWorth = $75,500, and the applicant is female who has just started a new job.

For full credit, explain in detailand show your algebra when answering the following questions:

2.a.What is the random forest probability of this loan being accepted?

2.b.What is the random forest most likely outcome?