Loan Screening Classification SetupA bank has historical loa…

Lоаn Screening Clаssificаtiоn SetupA bank has histоrical loan data with the following variables: annual income, years employed, monthly debt payments, credit score, and whether the borrower defaulted. The bank wants to use Excel-based predictive analytics to classify a new applicant as likely to default or not likely to default. Which setup is most appropriate?Source: Adapted from the First Bank loan-application case in Chapter 2.