Our analysis began with the hypothesis that the success of bank marketing campaigns, as measured by the subscription to a term deposit, is significantly influenced by the communication channel used, the duration of the last call, and the client's account balance. Through correlation analysis and logistic regression, we found evidence supporting this hypothesis:
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Correlation Analysis: Showed positive associations between call duration, account balance, and deposit subscription, and a negative association with certain communication channels.
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Logistic Regression Analysis: The initial model, focusing on key variables, indicated that call duration and the communication channel have significant impacts on predicting deposit subscriptions. Expanding the model to include additional variables improved its predictive performance, confirming the importance of considering a broader set of factors.
In conclusion, our analysis supports the hypothesis that specific factors, including call duration, communication channel, and account balance, significantly influence the likelihood of a client subscribing to a term deposit following a bank marketing campaign. Further exploration into additional variables and model optimization could provide even deeper insights into the dynamics of customer behavior in response to bank marketing efforts.