Results

Correlation

Pearson's Correlations

Variable LoanAmount Loan_Amount_Term Credit_History ApplicantIncome CoapplicantIncome Dependents

1. LoanAmount Pearson's r —
p-value —

2. Loan_Amount_Term Pearson's r 0.056 —

p-value 0.089 —

3. Credit_History Pearson's r −0.008 −0.020 —

p-value 0.808 0.544 —

4. ApplicantIncome Pearson's r 0.552*** −0.023 0.023 —

p-value < .001 0.475 0.483 —

5. CoapplicantIncome Pearson's r 0.179*** −0.044 −0.027 −0.114*** —

p-value < .001 0.174 0.414 < .001 —

6. Dependents Pearson's r 0.150*** −0.088** −0.058 0.138*** −0.003 —

p-value < .001 0.007 0.086 < .001 0.916 —
* p < .05, ** p < .01, *** p < .001
Linear Regression

Model Summary - LoanAmount

Model R R² Adjusted R² RMSE

H₀ 0.000 0.000 0.000 75.497

H₁ 0.590 0.348 0.345 61.101

ANOVA

Model Sum of Squares df Mean Square F p

H₁ Regression 1.698e +6 4 424556.554 113.721 < .001

Residual 3.181e +6 852 3733.321
Total 4.879e +6 856
Note. The intercept model is omitted, as no meaningful information can be shown.

Coefficients

95% CI
Model Unstandardized Standard Error Standardized t p Lower Upper

H₀ (Intercept) 142.324 2.579 55.187 < .001 137.263 147.386

H₁ (Intercept) 70.826 12.454 5.687 < .001 46.382 95.270

Credit_History −3.258 5.716 −0.016 −0.570 0.569 −14.478 7.962
ApplicantIncome 0.007 3.583e −4 0.567 20.360 < .001 0.007 0.008
CoapplicantIncome 0.007 8.627e −4 0.234 8.389 < .001 0.006 0.009
Loan_Amount_Term 0.073 0.032 0.064 2.307 0.021 0.011 0.136

Descriptives

N Mean SD SE

LoanAmount 857 142.324 75.497 2.579

Credit_History 857 0.841 0.366 0.012
ApplicantIncome 857 5214.806 5869.684 200.505
CoapplicantIncome 857 1529.474 2437.936 83.278
Loan_Amount_Term 857 341.960 65.607 2.241

Residuals vs. Dependent

Residuals vs. Covariates

Residuals vs. Credit_History Residuals vs. ApplicantIncome

Residuals vs. CoapplicantIncome Residuals vs. Loan_Amount_Term

Residuals vs. Predicted Standardized Residuals Histogram

Q-Q Plot Standardized Residuals

Partial Regression Plots

LoanAmount vs. Credit_History LoanAmount vs. ApplicantIncome

LoanAmount vs. CoapplicantIncome LoanAmount vs. Loan_Amount_Term

Exploratory Factor Analysis

Chi-squared Test

Value df p

Model 0.000 -3
Warning: Degrees of freedom below 0, model is
unidentified.

Factor Loadings

Factor 1 Factor 2 Factor 3 Factor 4 Uniqueness

Dependents 0.809
ApplicantIncome 0.714 0.456
CoapplicantIncome 0.671 0.555
LoanAmount 0.881 0.193
Loan_Amount_Term 0.604 0.654
Credit_History 0.963
Note. Applied rotation method is promax.

Factor Characteristics

SumSq. Loadings Proportion var. Cumulative

Factor 1 1.274 0.212 0.212

Factor 2 0.545 0.091 0.303
Factor 3 0.379 0.063 0.366
Factor 4 0.172 0.029 0.395
K-Means Clustering

K-Means Clustering

Clusters N R² AIC BIC Silhouette

10 838 0.720 1527.090 1810.950 0.290

Note. The model is optimized with respect to the BIC value.
Note. The optimum number of clusters is the maximum number of clusters. You
might want to adjust the range of optimization.

Cluster Information

Cluster 1 2 3 4 5 6 7 8 9 10

Size 5 233 139 38 6 33 76 27 205 76

Explained proportion within-cluster heterogeneity 0.050 0.119 0.152 0.052 0.043 0.127 0.211 0.076 0.090 0.080
Within sum of squares 70.690 167.037 213.503 73.593 60.805 179.246 296.758 106.922 126.371 112.166

Elbow Method Plot

Cluster Mean Plots

All predictors