Classification is a process of placing each individual from the population under study in many classes. These are identified as independent variables.
Classification helps analysts to use measurements of an object to identify the category to which that object belongs. To establish an efficient rule, analysts use data.
Data consists of many examples of objects with their correct classification.
For example, before a bank decides to disburse a loan, it assesses customers on their ability to repay the loan.
By considering factors such as customer’s earning, age, savings and financial history we can do it. This information is taken from the past data of the loan.
Hence, Seeker uses to create a relationship between customer attributes and related risks.