Generalization of Logistic Regression to Improve Prediction: An Application on Training and Placement Data
摘要
The placement of students through campus recruitment is a major concern for students, institutions, and hiring companies. Many existing classification techniques focus solely on predicting whether a candidate will secure a job or not. However, it’s important to recognize that students often make multiple attempts before achieving success, and the probability of placement increases with each attempt. Conventional classification methods often overlook the influence of the number of attempts required to secure a job. We develop a new model that generalizes Logistic Regression to better forecast the likelihood of securing employment through campus placements incorporating the number of attempts. The model also finds the significance of other influential factors, such as academic performance, skill training in the placement process. Additionally, we propose a new model to predict the number of attempts needed to secure placement when a student is predicted as placed. Both models are evaluated on real campus placement data and they demonstrate superior performance compared to existing methods. We have also examined the impact of training on the likelihood of securing a placement.