Practical project – credit card default

This is our second practical project, in which we will solve a classification problem. As we did with the diamonds dataset, let's begin the predictive analytics process for this new project by understanding and defining the problem.

Credit card default – problem understanding and definition

TFI is the Taiwanese Financial Institution and it offers credit cards. It has been detecting an increase in defaults among its customers; a default is defined as a customer missing a payment for a single month. This situation is negatively affecting the revenue of the company and they know they can do something about it if they could anticipate which credit card holders are going...