MIS 450 Colorado State University Counterfeiting Banknotes Dataset Analysis Essay

Description

Counterfeiting banknotes has been a problem since the introduction of color photocopiers and computer image scanners. The banking industry has suffered from counterfeits due to inflation and reduction in the value of real money. Assume that you are a data mining expert who works in the banking industry.

The dataset called banknotes.csv contains 5 variables (or columns) and the description-bank.docx contains a description of the dataset. The end goal is to build an appropriate model (or tool) to successfully predict forgery. Using SAS Studio, perform the following tasks:

Explore the dataset by providing summary statistics and graphical summaries of all the variables.
Explain some of the key aspects of data in part 1.
Examine if the dataset has any anomalies. Describe the method(s) you used as well as the results.
Examine if there are any association among the variables. Describe the approaches as well as the results.
Using one of the clustering techniques, analyze all the variables. Explain the results.
Using one of the classification techniques from the course, build the model that predicts forgery. Explain why you think the model you’ve chosen is most appropriate for this dataset.
Evaluate the model. How well does the model fit? Can you improve the model? Explain.

Your paper should be 10 to 12 pages in length (not including the title page and references). Use the APA Paper Template which can be found from APA Paper Templates. Include at least five scholarly references in addition to the course textbook.



^{Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."}

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.