Problem
Assume that you work for a credit card company. You've noticed that there has been a recent increase in the number of late payments on bills and want to predict which customers will be late in future time periods.
• In one sentence, formulate a useful target variable.
• In another sentence, describe five features that would be informative on the target and that you think the company would have.
• Finally, briefly describe your plan to perform the analysis.
A. Is it a classification analysis or a regression analysis?
B. List the names of two models that you plan to use for analysis;
C. List the evaluation metrics that you plan to use to evaluate the model performance;
D. What can you do if you would like to improve the model performance?