Our team’s project topic is Bank Marketing. We found the dataset from UCI Machine Learning Repository
The data was collected by Paulo Cortez and Sérgio Moro from the direct marketing campaigns of a Portuguese banking institution from 2008 to 2010. The dataset contains 45211 instances and 17 attributes. The direct marketing campaign targets at a specific group of clients and thus to enhance the efficiency. This project proposal is to predict whether the client will subscribe the bank term deposit, so that the bank can make less contacts and improve the rate of success, to improve further profit during the campaign. In addition, we will further analyze to find what …show more content…
At the same time, one of our members dropped this course, disrupting our original arrangements and plans. Therefore, we have to repeat the work already done and increase the workload. Secondly, when we assign the tasks, we all choose our own tasks based on what we are good at. But in this case, the task is difficult to delegate evenly, and some members will have heavy tasks. At the same time, we cannot practice all tasks and improve the deficiencies.
For myself, I have found a fixed group meeting time to discuss our own ideas together, so that I can summary and make decisions in time, thereby increasing work efficiency. For another challenge about the unbalanced dataset, we have discussed this problem. With the help of other team member, I am trying to compare Linear Model, Support Vector Machine, Decision Tree and Random Forest to find out more suitable models for unbalanced data.
For my team, now we have a dedicated member to keep track of team members’ progress in time. If anyone encountered problems, we will discuss and find solutions together, thereby reducing the duplication of tasks. In addition, we try to assign one skilled member and another unskilled member to work on the same task together, so that everyone can practice our own deficiencies and complete the task better. I think our efforts have been successful, because
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I find that the challenges of working together in an established team can be that everyone can become quite self absorbed in their own workload and this can result in conflict when the team sent work together as a whole or lose sight of their shared objectives and goals. It can be difficult to maintain motivation and enthusiasm and not everyone may be on the same page at the same time. I genuinely believe that I am lucky as I work in a team where we are open and honest enough to thrash out any issues quickly and as they arise. We also recognise each other’s own skills and abilities and use each other’s strengths to ensure that our team performs to a high standard.
One of the more important skills students will learn outside the classroom is teamwork. This quality can not be taught it must be learned by experience. Members will be on teams to compete in competitions. Students must learn the limits and strengths of their team member if they wish to succeed. This skill prepares students for the team work assignments which will be required in classes, as well as in everyday
There is a saying that many hands make light work. The essence of this statement is that more can be achieved as a collective than individually. We all have different skills, knowledge and personal attributes. By utilizing all of these different aspects in a team, more ideas can be generated. As more ideas are generated, more creative solutions are generated, leading to better results. It is amazing the amount of support that is created in teams, especially when the going gets tough. People will often go to what seems like extreme lengths when they know that they can rely on the support and encouragement of the team. Never underestimate the significance of this in
Before the advent of the Federal Deposit Insurance Corporation (FDIC) in 1933 and the general conception of government safety nets, the United States banking industry was quite different than it is today. Depositors assumed substantial default risk and even the slightest changes in consumer confidence could result in complete turmoil within the banking world. In addition, bank managers had almost complete discretion over operations. However, today the financial system is among the most heavily government- regulated sectors of the U.S. economy. This drastic change in public policy resulted directly from the industry’s numerous pre-regulatory failures and major disruptions that produced severe economic and social
In this paper I will discuss how a team leader assesses how big the team is needed in order to accomplish the task assigned to them. This paper will also discuss the how conflicts can arise while trying to meet their goals. Such as which person works better in certain areas. I will also talk about how a team leader resolves their problems that may accure. In addition I will also discuss if team work will take longer to complete task along with some of its advantages. I will also point out some of the resistors to team work like not have the proper tools or supplies. I will also discuss how to be proactive so
Set limits on what members can do Teams perform better. Understand individual strengths and weaknesses Optimistic role on diversity Smaller teams are more effective Effective with just enough people to complete task Gives an option Allows to have high and low performing teams All members must share workload Delegate responsibility Allows teamwork
Though there are certain individuals who may process the work at a certain time, it takes a team effort to make sure that even those individuals have all that they need in order to do their job proficiently which will also affect my progress. For instance if Tom in the mailroom is late bringing the mail that may include payments this can cause Suz to get behind on her work of applying the payments. If Lee doesn’t make sure that our systems are running correctly then Ange can’t obtain the customers contact information nor can Corin
Providing feedback. Help your team member understand where they need to improve by providing regular, constructive feedback (perhaps at weekly informal 1:1 meetings) on their performance. As you
Top managers develop long-range plans, called strategic plans that define the company's overall mission and goals. Strategic planning focuses more on issues that affect the company's future survival and growth. To develop strategic plan, top managers also need information from outside the company, such as economic forecasts, technology trends, competitive threats, governmental issues and shareholder concerns.
The Bandon Group has identified several specific sets of information needs. First they must have the ability to analyze existing customer accounts for profitability. The have a need to understand which account they are making money off of and which account represent high volume profits. Second, they must have an effective sales prospecting system. The ability to measure the
This chapter was about the different elements and skills that can help make collaborative teams work. The authors mention listening, communications, establishing shared values, setting ground rules, defining roles, establishing a schedule, conducting meetings, making decisions, and sharing information as skills that create positive collaborative teaming. For each of the skills the authors then discuss the signs of trouble for each. The role of the administrator is to help the team reflect on the process to make sure that any trouble signs are caught ahead of time and to see what changes could be made to
Teamwork is the backbone of effective communication and the crucial cog that keeps the wheel of successful project management turning. The role of teamwork in enhancing problem solving skills, cohesion, learning, and productivity can no longer be ignored. Proper teamwork plays an integral role in promoting the effective implementation and fulfillment of shared goals in a team project in a manner that is better and quicker. Team work also provides a solid platform on which team members can take on different responsibilities and contribute in ways that together makes the entire team an effective unit.
Technological advancement has had a gigantic effect in the banking industry. Over the past few decades, the financial services industry has changed considerably with banking transforming from the pen and paper method to the computers and internet method. The pen and paper method took weeks or even months for the transaction to be eventually completed, and then the dramatic introduction of the computer and internet method which changed that time frame to only a matter of seconds to be completed, which reduced the amount of time and labor needed to complete a transaction significantly. Banking is considered one of the most important economic sectors with it being severely influential and responsive to any little change, whether it is domestic or international. Some extreme changes that were brought about by the development of this new technology turned into a globalized nature for the financial services industry. One stroke of a key on a computer could and would change a person 's life extensively or even have a global impact. The new technologies that were created and introduced changed how the consumers managed their money from that time on. Technology has helped to protect peoples’ hard earned money and make it much more impossible for people to be able to write out bad checks or even holding up a bank. The advancement in technology however, also came with some security risks as most things do, that could affect the money that people trusted with the bank and