Question : You are creating a regression model with the input income, education and current debt of a customer, what could be the possible output from this model. 1. Customer fit as a good 2. Customer fit as acceptable or average category 3. Access Mostly Uused Products by 50000+ Subscribers 4. 1 and 3 are correct 5. 2 and 3 are correct
Correct Answer : Get Lastest Questions and Answer : Regression is the process of using several inputs to produce one or more outputs. For example The input might be the income, education and current debt of a customer. The output might be the probability, expressed as a percent that the customer will default on a loan. Contrast this to classification where the output is not a number, but a class.
Question : In which of the scenario you can use the regression to predict the values 1. Samsung can use it for mobile sales forecast 2. Mobile companies can use it to forecast manufacturing defects 3. Access Mostly Uused Products by 50000+ Subscribers 4. Only 1 and 2 5. All 1 , 2 and 3
Explanation: Regression is a tool which Companies may use this for things such as sales forecasts or forecasting manufacturing defects. Another creative example is predicting the probability of celebrity divorce.
Question : You are creating a Classification process where input is the income, education and current debt of a customer, what could be the possible output of this process. 1. Probability of the customer default on loan repayment 2. Percentage of the customer loan repayment capability 3. Access Mostly Uused Products by 50000+ Subscribers 4. The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable". 5. All of the above
Classification is the process of using several inputs to produce one or more outputs. For example the input might be the income, education and current debt of a customer. The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable". Contrast this to regression where the output is a number, not a class.