Predicting if income exceeds $50,000 per year based on 1994 USCensus Data with Simple...

80.2K

Verified Solution

Question

Accounting

Predicting if income exceeds $50,000 per year based on 1994 USCensus Data with Simple Classification Techniques
Linear Discriminant Analysis: Perform cross-validated LDA(LOOCV) with variable income.cat as response, and all the numericvariables as predictors. Compute and display the resulting(cross-validated) contingency table as well as the correspondingclassification accuracy and classification error. Comment on theresult. Use Rstudio

Answer & Explanation Solved by verified expert

3.8 Ratings (694 Votes)

ldaPredicting Earning Potential using the Adult DatasetHaojun ZhuDecember 5 2016IntroductionThe adult dataset is from the 1994 Census database It is alsoknown as Census Income dataset Details of this See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

In: AccountingPredicting if income exceeds $50,000 per year based on 1994 USCensus Data with Simple Classification...Predicting if income exceeds $50,000 per year based on 1994 USCensus Data with Simple Classification TechniquesLinear Discriminant Analysis: Perform cross-validated LDA(LOOCV) with variable income.cat as response, and all the numericvariables as predictors. Compute and display the resulting(cross-validated) contingency table as well as the correspondingclassification accuracy and classification error. Comment on theresult. Use Rstudio