Company Bankruptcy Prediction

Welcome to the second part of my classification project. Continuing from my introduction to company bankruptcy prediction, I will now explore how I handled the dataset and evaluate various classification techniques. To evaluate the efficacy of different classification techniques, we determine the error rate for the training and test data, which is the ratio of

The Classification Problem

The Classification Problem is a vital area of data science, involving the use of machine learning algorithms in grouping data together based upon certain criteria. Each data point has a ‘class label,’ which assigns certain properties to them. For example, in a two-class problem, each point may represent a particular bank transaction labelled as fraudulent,