2010
DOI: 10.1080/08832320903449477
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A Comparison of Logistic Regression, Neural Networks, and Classification Trees Predicting Success of Actuarial Students

Abstract: The authors extended previous research by 2 of the authors who conducted a study designed to predict the successful completion of students enrolled in an actuarial program. They used logistic regression to determine the probability of an actuarial student graduating in the major or dropping out. They compared the results of this study with those obtained previously, by re-examining the data using neural networks and classification trees, from Enterprise Miner, the SAS data mining package, which can provide a p… Show more

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Cited by 25 publications
(16 citation statements)
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“…The reason is that the training makes the model perfectly fits the data set. Thus with new data sets, the prediction might be poor [24]. Ayer et al [27] compared the two methods in several aspects: LR requires more statistical knowledge than ANN.…”
Section: Artificial Neural Network (Ann)mentioning
confidence: 99%
“…The reason is that the training makes the model perfectly fits the data set. Thus with new data sets, the prediction might be poor [24]. Ayer et al [27] compared the two methods in several aspects: LR requires more statistical knowledge than ANN.…”
Section: Artificial Neural Network (Ann)mentioning
confidence: 99%
“…The training continues until the error is no further reducible [27]. Once trained, the ANN can be used for future cases where the outcome is unknown [28].…”
Section: Artificial Neural Network (Ann)mentioning
confidence: 99%
“…The study in (Dobbin and Simon, 2007) develops probability models and the paper proposed the sample size determination for prediction in the context of high-dimensional data that captures variability in both steps of predictor development. Predictive models are found useful in exploring the educational data as reported in (Osmanbegović and Suljić, 2012); (Schumacher et al, 2010) and (Bidgoli et al, 2003) for the predictions of student's performance. Statistical methods for estimating dataset size requirements and classification of microarray data using learning curves is proposed in (Mukherjee et al, 2003).…”
Section: Related Workmentioning
confidence: 99%