Question: You will use the attached Loan Applications spreadsheet for this homework to perform the linear regression. You must create the dummy variables to convert the

You will use the attached Loan Applications spreadsheet for this homework to perform the linear regression. You must create the dummy variables to convert the "Loan Purpose" categorical column to numeric. You need to use these dummy variables and all the other loan application variables to predict the "Loan Status." Use the "Training Set" sheet to build and apply the model to the "Test Set" sheet data.

Is there any relationship between the loan term and the requested loan amount? Check by carrying out a linear regression analysis. Use the requested loan amount as independent variable and the loan term as a dependent variable. Use the "Training Set" sheet for this question.

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