Visualize Insights and Discover Driving Features in Lending Credit Risk Model for Loan Defaults — Lending Club is the largest online loan marketplace, facilitating personal loans, business loans, and financing of medical procedures. Borrowers can easily access lower interest rate loans through a fast online interface. Like most other lending companies, lending loans to ‘risky’ applicants is the largest source of financial loss (called credit…

Predicting loan defaults and their probability — 1. Introduction Credit default risk is simply known as the possibility of a loss for a lender due to a borrower’s failure to repay a loan. Credit analysts are typically responsible for assessing this risk by thoroughly analyzing a borrower’s capability to repay a loan — but long gone are the days…

Understanding various ways at which machine learning projects fail ensures that one takes the right steps and measures to avoid them before facing the situation — Okay, you did a good job in ensuring that your machine learning model is doing well on the training data. The next step would be to deploy it in real-time and get feedback from users and from the business about whether using it has led to an increase in the…

Comprehensive Data Exploration Process with One-Click — Exploratory Data Analysis, also known as EDA, has become an increasingly hot topic in data science. Just as the name suggests, it is the process of trial and error in an uncertain space, with the goal of finding insights. It usually happens at the early stage of the data science…

How to improve your models from 70% accuracy to over 90% — Creating machine learning models is a complex process that even the most experienced data scientists often make mistakes in. If you want your machine learning models to be as accurate as possible, you need to be aware of the ways that you can improve them. In this post, we will…