Classification model to predict the investment risk based on certain features. Features:
- Salary
- Number of dependents(max. 4)
- EMI/RENT of house.
- Savings
Formulas used: EMI/RENT= 0-50% of Salary [0-50% is randomly generated] SAVINGS= Salary- EMI/RENT- (Number of dependents * 0.10 * Salary) [considering that each dependent of family requires 10% of salary, we have considered maximum of 4 dependents]
Classification of different classes i.e Very low risk taker, Low risk taker, High risk taker, Very high risk taker --> If savings< 15000 - Very low or 10 --> If savings>15000 and savings<25000 - Low or 20 --> If savings>25000 and savings<40000 - High or 30 --> If savings>40000 - Very High or 40