Our recommendations
- Use the SMOTE Oversampling Random Forest for the decision making process
- Use a live database to feed the model
- Collect more detailed and focused information from applicants
- Include updated credit bureau information in the datasets
- Expand the population size of the datasets
- Market other product types, i.e. prepaid credit cards, to "denied" applicants
- Use the findings from the analysis (features of "Good" applicants) for target marketing
For any further question we can be reached at the following contact:
Address: 2 Toronto ave, North York, ON, L5L 5L5
Email: info@providencebank.ca
Phone: 416-555-2222