You are creating a Classification process where input is the income, education and current debt of a customer, what could be the possible output of this process.
A.
Probability of the customer default on loan repayment
B.
Percentage of the customer loan repayment capability
C.
Percentage of the customer should be given loan or not
D.
The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable".
Classification is the process of using several inputs to produce one or more outputs. For example the input might be the income, education and current debt of a customer The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable". Contrast this to regression where the output is a number not a class.
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