Comparison of the CatBoost Classifier with other Machine Learning Methods

Machine learning and data-driven techniques have become very famous and significant in several areas in recent times. In this paper, we discuss the performances of some machine learning methods with the case of the catBoost classifier algorithm on both loan approval and staff promotion. We compared the algorithm’s performance with other classifiers. After some feature engineering on both data, the CatBoost algorithm outperforms other classifiers implemented in this paper. In analysis one, features such as loan amount, loan type, applicant income, and loan purpose are major factors to predict mortgage loan approvals. In the second analysis, features such as division, foreign schooled, geopolitical zones, qualification, and working years had a high impact on staff promotion. Hence, based on the performance of the CatBoost in both analyses, we recommend this algorithm for better prediction of loan approvals and staff promotion.