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There is no set path to how one would go about analyzing a data set. Typically, a data scientist would spend quite some time exploring and observing the data to understand it well.
Let’s look at some of the attributes in our dataset and see their relationship with the default rate. For each loan, we have two basic attributes, namely, grade and the interest rate. In LendingClub, loan grade, or credit grade, is the letter (A-G or AA-HR) that is assigned to a borrower and corresponds with the interest rate that is charged for the loan.
