Summary

In this chapter, we have started collecting the data needed to develop our model to predict bank failures. In this case, we have downloaded a large amount of data and we have structured it. Moreover, we have created our target variable. At the end of this chapter, you should have learned that data collection is the first and one of the most important steps in the model development. When you deal with your own problems, take time to understand the problem and then think about what kind of data you need and how to obtain it. In the next chapter, we will do a descriptive analysis of the data that we have acquired.