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demarcuswiseman
14.12.2021 •
Mathematics
Loan Performance. The National Bank of Fort Worth, Texas, wants to examine methods for predicting sub-par payment performance on loans. It has data on unsecured consumer loans made over a 3-day period in October 1994 with a final maturity of 2 years. There are a total of 348 observations in the sample. The data, which have been transformed to provide confidentiality, include the following:
PASTDUE: Coded as 1 if the loan payment is past due and zero otherwise.
CBSCORF: Score generated by the CSC Credit Reporting Agency. Values range from 400 to 8390, with higher values indicating a better credit rating.
DEBT: This is a debt ratio calculated by taking required monthly payments on all debt and dividing it by the gross monthly income of the applicant and coapplicant. This ratio represents the amount of the applicant’s income that will go toward repayment of debt.
GROSSINC: Gross monthly income of the applicant and coapplicant.
LOANAMT: Loan amount.
You have been asked to examine the feasibility of predicting past-due loan payment. Describe your results to the bank in a two-part report. The report should include an executive summary with a brief nontechnical description of your results and an accompanying technical report with the details of your analysis. The data are in a file named LOAN10 on the CD.
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Two
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