Some banks use a(n)____ system to qualify customers for loans,using parameters from past customers stored in a database.
A)case-based reasoning
B)artificial neural network
C)natural language processing
D)decision support

Question

Quizplus · Accepted Answer

Case-based reasoning is a system that uses past cases and their outcomes to determine the best solution for a current situation. In the context of loan qualification, a bank can use a case-based reasoning system to look at past customers who were approved for loans and their characteristics (such as credit score, income, debt-to-income ratio, etc.) to determine if a current customer meets the same criteria and should be approved as well. The information about past customers is stored in a database and used as a reference point for future loan applications. Artificial neural networks may also be used for loan qualification, but case-based reasoning specifically fits the description given in the question. Natural language processing and decision support are not relevant to this scenario.

Some Banks Use A(n)____ System to Qualify Customers for Loans,using