Charel Theisen

Applied Intelligence Consulting | MSc Data Science

Credit Card Default Prediction with Random Forest & Naïve Bayes

The groupwork assignment had the objective to create a classifier. My group built a classifier to predict credit card default with Random Forest and näive Bayes.

Default detection has always played a crucial part for banks in issuing credit cards
Defaults on credit card bills can result in major financial loss
Predicting individuals customers’ credit risk reduces financial damage and uncertainty
Card-issuing banks in Taiwan over-issued cash and credit cards to unqualified applicants