Doubt Assignment 4

[Marcela Restrepo Gomez]

Hello!!

Here's Alvaro's reply ....

---------- Forwarded message ----------
From: Álvaro J. Méndez <alv...@gmail.com>
Date: 20 March 2013 13:00
Subject: Re: Doubt Assignment 4
To: Marcela Restrepo Gomez <mrestrepo...@student.ie.edu>


Hi Marcela

For the assignment, you can think on the most important variables as those that affect more the odds of the event, upon increasing an unit on them.It is rather the exp(B) coefficients than the B ones.

It is not entirely like that, but for the assignment is enough with this concept.

Regards

Álvaro

2013/3/20 Marcela Restrepo Gomez <mrestrepo...@student.ie.edu>

Hi Alvaro,

 

We have been working in assignment 4 and while running a logit analysis we ran into a doubt.

 

We got that the following 6 factors are the relevant ones for predicting Yes to Cash Card: Mobile Bank, Current Account, Savings, ATM User, Age and Customer Lenght.

 

What we are not sure about is the level of importance for each one. We thought maybe we could get this from the forecasting equation which is:

 

Forecasting= 7.331+ 1.333(Mobile_Bank)- 1.091(Current Account)+ 0.775(Savings)- 1.621(ATM User)- 0.049(Age)- 1.999(Customer Length)

 

We are assuming the largest the coefficient the more important it is in the prediction. Are these assumptions correct? If not, could you please give us a hint in how to identify the importance of each relevant factor?

 

Many thanks for your help.

 

Team B

On 19 March 2013 16:01, ALVARO JOSÉ MÉNDEZ LÓPEZ <ajme...@faculty.ie.edu> wrote:

Hi all

Just to inform you that the exam will start at 17:30 sharp, so we advice you to arrive to the E001-E002 room 5-10 minutes earlier.

Good luck to all, see you in a short while

Best Regards
Álvaro