Detecting Counterfeit Banknotes: Data Mining in SAS Studio (University Edition)

Learning Goal: I’m working on a other question and need an explanation and answer to help me learn.

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 Download banknotes.csv contains 5 variables (or columns) and the description-bank.docx Download description-bank.docxcontains 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:

  1. Explore the dataset by providing summary statistics and graphical summaries of all the variables.
  2. Explain some of the key aspects of data in part 1.
  3. Examine if the dataset has any anomalies. Describe the method(s) you used as well as the results.
  4. Examine if there are any association among the variables. Describe the approaches as well as the results.
  5. Using one of the clustering techniques, analyze all the variables. Explain the results.
  6. 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.
  7. Evaluate the model. How well does the model fit? Can you improve the model? Explain.

ATTACHED:

1. Dataset

2. Documentation for dataset

3. What I currently have completed

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.