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Loan Status Prediction – Python, Data Cleaning, EDA and Machine Learning
• Problem Statement: A bank’s profit or a loss depends to a large extent on loans i.e. whether the customers are paying back the loan or defaulting. By predicting the loan defaulters, the bank can reduce its Non-performing Assets. This makes the study of this phenomenon very important.
• Working: Descriptive statistics for numerical and categorical data, Treating missing values and outliers, Univariate and bivariate analysis, Resampling imbalanced target data, ML algorithm.
• Outcomes: Since we have used Gradient boost Classifier Algorithm the system returns very accurate results. This system can be used for detection of clients who are eligible for approval of loan.