Law, Paul Lik Pao (2023) Loan Eligibility Classification Using Machine Learning Approach. Faculty of Computing, Universiti Malaysia Pahang Al-Sultan Abdullah.
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Abstract
Machine learning is becoming increasingly vital in various domains, including loan eligibility classification, due to its ability to analyze large amounts of data, develop predictive models, adapt to new information, and automate processes. This research paper presents a study on loan eligibility classification using a machine learning approach by comparing the performance of three Machine Learning algorithms which were Logistic Regression, Random Forest, and Decision Tree. This research was conducted using Python and Jupyter Notebook for data analysis and model development. The models were then evaluated on the testing set using evaluation metrics such as Accuracy, Precision, Recall, And F1-Score. The performance of the models was compared to identify the most effective algorithm for loan eligibility classification. Among the three ML approach, the LR model appears to be the most effective at classify loan eligibility, with the 82% accuracy score, 82% recall score, 81% precision score and 79% F1 score.
| Item Type: | Undergraduates Project Papers |
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| Additional Information: | SV: Ts. Dr. Mohd Arfian Bin Ismail |
| Uncontrolled Keywords: | Machine Learning algorithms, Logistic Regression, Random Forest, Decision Tree |
| Subjects: | Q Science > QA Mathematics > QA75 Electronic computers. Computer science Q Science > QA Mathematics > QA76 Computer software |
| Faculty/Division: | Faculty of Computing |
| Depositing User: | Mr. Nik Ahmad Nasyrun Nik Abd Malik |
| Date Deposited: | 02 Apr 2024 06:43 |
| Last Modified: | 02 Apr 2024 06:43 |
| URI: | http://umpir.ump.edu.my/id/eprint/40844 |
| Download Statistic: | View Download Statistics |
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