What Type of Analytics Would Include a Classification Analysis to Assess

question 2

Multiple Choice

What type of analytics would include a classification analysis to assess whether the bank should extend a loan?

• A) Descriptive analytics
• B) Diagnostic analytics
• C) Predictive analytics
• D) Prescriptive analytics

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Definitions:

Collection Float

The interval between depositing a check into a bank account and the moment the deposited funds are accessible.

Outstanding Cheques

Checks that have been written and issued but not yet cashed or cleared through the banking system.

On-line Retailing

Online Retailing is the selling of goods or services over the internet, where customers can shop from a variety of vendors at any time.

Internet Growth

The expansion and increase in usage, infrastructure, and capabilities of the internet across the world.