Loan Amount Prediction Using Machine Learning

Abstract

Loan amount prediction is helpful for banks or organization who want their work easier. All Banks give Loan to customer and customer first apply for loan after any bank or organization validate customer information. It must be providing some advantages for banks or company or any organization who wants to give loan. There are various methods to improve the accuracy classification algorithm. The accuracy of random forest classification algorithm can be improved using Ensemble methods. Optimization techniques and Feature selection methods available. In this research work novel hybrid feature selection algorithm using wrapper model and fisher introduced. The main objective of this paper is to prove that new hybrid model produces better accuracy than the traditional random forest algorithm.