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Business Analytics Quiz 2: 4 August 2024 (May 2024 term)

Question 1

+0.5 marksNumerical answer

Milo’s Evaluation (ME) is a loan default prediction company that uses manual workforce to suggest possible defaulters. Dr. Milo, the Chief Data Officer of ME, has decided to replace the manual workforce with a cutting-edge Logistic Regression Model that takes “Age” and “Income” as parameters to predict defaulters. The model is configured such that a “Defaulter” is categorised as the positive class. The final model had the parameters as specified in Table-1 below. To test the model, the data in Table-2 is used as test data. Given this information, answer the given subquestions.

At a threshold of 0.8, how many “True Positives” is the model predicting?

Question 2

+0.5 marksNumerical answer

Milo’s Evaluation (ME) is a loan default prediction company that uses manual workforce to suggest possible defaulters. Dr. Milo, the Chief Data Officer of ME, has decided to replace the manual workforce with a cutting-edge Logistic Regression Model that takes “Age” and “Income” as parameters to predict defaulters. The model is configured such that a “Defaulter” is categorised as the positive class. The final model had the parameters as specified in Table-1 below. To test the model, the data in Table-2 is used as test data. Given this information, answer the given subquestions.

At a threshold of 0.8, how many “True Negatives” is the model predicting?

Question 3

+0.5 marksNumerical answer

Milo’s Evaluation (ME) is a loan default prediction company that uses manual workforce to suggest possible defaulters. Dr. Milo, the Chief Data Officer of ME, has decided to replace the manual workforce with a cutting-edge Logistic Regression Model that takes “Age” and “Income” as parameters to predict defaulters. The model is configured such that a “Defaulter” is categorised as the positive class. The final model had the parameters as specified in Table-1 below. To test the model, the data in Table-2 is used as test data. Given this information, answer the given subquestions.

At a threshold of 0.8, how many “False Positives” is the model predicting?

19 more questions in this paper

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More on the Business Analytics Quiz 2 4 Aug 2024 paper

The IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 4 Aug 2024, in the May 2024 term: 22 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.

FeatureBusiness Analytics Quiz 2 4 Aug 2024 at a glance
TermMay 2024 term
SubjectBusiness Analytics
Course codeBSMS2002
Questions22
Marks20
Duration120 min
Numerical21
Written1
Official paperIIT M DIPLOMA AN EXAM QDD2 4 Aug 2024
Negative markingNo negative marking.
Updated

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