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:

Lifetime Distribution

The allocation of income or wealth over the span of an individual's life.

Income Mobility

The extent to which income receivers move from one part of the income distribution to another over some period of time.

Income Inequality

A measure that highlights the uneven distribution of individual or household income across a population, leading to economic disparity.