Loans are no longer considered a last resort to buy a sought-after smartphone or a dream house. Over the last decade or so, people have become less hesitant in applying for a loan, whether it’s personal, vehicle, education, business, or home – especially when they don’t have a lump sum at their disposal. Besides, Home and Education Loans provide tax advantages that reduce tax liability and increase the cash in hand from salary income. Show It also helps that banks are making it easier for customers and prospective borrowers to get loans with minimal paperwork, quick eligibility checks, and competitive interest rates. They have opened an online channel to apply and submit documents for the approval process. If you still find the loan application and review process intimidating, here’s a list of seven factors that would determine the approval of your submission:
So, what are you waiting for? Go ahead and Apply for a loan today with HDFC Bank. Click here to read more about how you can manage your loans better. * Terms & conditions apply. Loan disbursal at sole discretion of HDFC Bank Ltd. What is an observation that lies outside its expected distribution?An outlier is a data point that lies outside the overall pattern in a distribution. The distribution below shows the scores on a driver's test for 19 applicants.
What type of question does diagnostic analytics address?Diagnostic analytics, just like descriptive analytics, uses historical data to answer a question. But instead of focusing on “the what”, diagnostic analytics addresses the critical question of why an occurrence or anomaly occurred within your data.
Which type of question does diagnostic analytics seek to answer with the aid of visuals?Diagnostic Data Analytics Tools
It seeks to answer the question of why and can help identify the root cause of specific results. Diagnostic data analysis depends on past data and allows businesses to measure data against historical outcomes. The process yields in-depth insights into specific problems.
Which model is most closely associated with prescriptive analytics?Optimization is most closely associated with prescriptive analytics.
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