Income Classifier

This project is based on the dataset from Kaggle - https://www.kaggle.com/lodetomasi1995/income-classification

Objective

To develop a classifier that classify instances into 2 classes, 1) individuals earning more than 50K, 2) individuals earning less than 50K a year.

Overview of Solution

1a) Train a base model - Decision Tree

1b) Fine-tune the base model using Grid Search

2a) Train an alternative model - Random Forest

2b) Fine-tune the alternative model using Grid Search

3a) Compare if the complex model (Random Forest) perform significantly better than the Decision Tree model

Performance Metrics

Models will be evaluated based on their F1 score