This document provides instructions for a final assignment in a business analytics course worth 100 total marks. It is divided into two parts worth 80 and 20 marks respectively. For part A, students must build two models to predict hotel booking cancellations using a provided dataset, without including the reservation status column in the modeling. For each model, students must identify important predictors, describe three evaluation techniques, report the results, suggest improvements, and list limitations. They must also compare the two models and recommend the better one. For part B, students must develop another predictive model using the same data, identifying the technique, its usefulness, and how it can be evaluated and used in practice.
This document provides instructions for a final assignment in a business analytics course worth 100 total marks. It is divided into two parts worth 80 and 20 marks respectively. For part A, students must build two models to predict hotel booking cancellations using a provided dataset, without including the reservation status column in the modeling. For each model, students must identify important predictors, describe three evaluation techniques, report the results, suggest improvements, and list limitations. They must also compare the two models and recommend the better one. For part B, students must develop another predictive model using the same data, identifying the technique, its usefulness, and how it can be evaluated and used in practice.
This document provides instructions for a final assignment in a business analytics course worth 100 total marks. It is divided into two parts worth 80 and 20 marks respectively. For part A, students must build two models to predict hotel booking cancellations using a provided dataset, without including the reservation status column in the modeling. For each model, students must identify important predictors, describe three evaluation techniques, report the results, suggest improvements, and list limitations. They must also compare the two models and recommend the better one. For part B, students must develop another predictive model using the same data, identifying the technique, its usefulness, and how it can be evaluated and used in practice.
This document provides instructions for a final assignment in a business analytics course worth 100 total marks. It is divided into two parts worth 80 and 20 marks respectively. For part A, students must build two models to predict hotel booking cancellations using a provided dataset, without including the reservation status column in the modeling. For each model, students must identify important predictors, describe three evaluation techniques, report the results, suggest improvements, and list limitations. They must also compare the two models and recommend the better one. For part B, students must develop another predictive model using the same data, identifying the technique, its usefulness, and how it can be evaluated and used in practice.
Final Assignment Total marks 100 Weight 50% Submission Mode One PDF File (with ALL content) on the subject site on Moodle Due date Displayed on the subject site on Moodle Late Penalty 1 mark per day late
Part A [80 marks]
You are given a dataset of hotel bookings with many of their features. You may use the dataset in SAS Viya called HOTEL_BOOKING_DEMAND_DATASET.
As a MINIMUM, you are required to do the following:
Build 2 suitable models to predict whether a booking will be cancelled or not (or otherwise), NOTE: You MUST NOT include the column ‘ReservationStatus’ as your predictors/features for obvious reasons; this data will not be available beforehand, and so cannot be used to predict whether a booking will be cancelled or not. NOTE: adr= Average Daily Rate for a hotel room For each of the 2 models: Identify and list the important predictors For each of the 2 models: List and explain at least 3 model evaluation techniques required for your model For each of the 2 models: Report the evaluation results of your model For each of the 2 models: Suggest how the model can be improved further. Demonstrate it. For each of the 2 models: List some limitations of the modeling technique you used Compare and contrast the two models. Recommend which model is better for use in this case and why.
Part B [20 marks]
Using the same dataset, develop another different kind/type of a predictive model. As a MINIMUM, you are required to do the following: Identify and name the technique used and its usefulness Explain how this model can be evaluated and used for practical purposes Your answers MUST include answers to ALL the above parts including texts and figures/charts from SAS Viya/ any other software approved by the lecturer.