Data Description: The file Bank.xls contains data on 5000 customers. The data include customer demographic information (age, income, etc.), the customer's relationship with the bank (mortgage, securities account, etc.), and the customer response to the last personal loan campaign (Personal Loan). Among these 5000 customers, only 480 (= 9.6%) accepted the personal loan that was offered to them in the earlier campaign.
Domain: Banking
Context: This case is about a bank (Thera Bank) whose management wants to explore ways of converting its liability customers to personal loan customers (while retaining them as depositors). A campaign that the bank ran last year for liability customers showed a healthy conversion rate of over 9% success. This has encouraged the retail marketing department to devise campaigns with better target marketing to increase the success ratio with minimal budget. Attribute Information: ID : Customer ID Age : Customer's age in completed years Experience : #years of professional experience Income : Annual income of the customer ($000) ZIP Code : Home Address ZIP code. Family : Family size of the customer CCAvg : Avg. spending on credit cards per month ($000) Education : Education Level.
- Undergrad
- Graduate
- Advanced/Professional Mortgage : Value of house mortgage if any. ($000)Proprietary content. ©Great Learning. All Rights Reserved. Unauthorized use or distribution prohibited Personal Loan : Did this customer accept the personal loan offered in the last campaign? Securities Account : Does the customer have a securities account with the bank? CD Account : Does the customer have a certificate of deposit (CD) account with the bank? Online : Does the customer use internet banking facilities? Credit card : Does the customer use a credit card issued by Thera Bank?
Objective: The classification goal is to predict the likelihood of a liability customer buying personal loans.