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Estimation of success of entrepreneurship projects with data mining

Author

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  • Selim Corekcioglu
  • Bekir Polat

Abstract

This study aimed to prevent waste of resource and to estimate the success and failure of proposed entrepreneurship projects with data mining algorithms. Thereby, the accuracy of the estimates increased and decisions about the projects were based on a scientific approach. As a result of the analysis of the data, it has been examined whether entrepreneurial projects were successful or not. The dataset was classified using 10-fold cross-validation with C4.5, Naive Bayes, logistic regression, random forest and support vector algorithms. The results of the classification were compared and the C4.5 algorithm was found as the most successful algorithm with 70.75% prediction accuracy. In consequence of the C4.5 algorithm, the features affecting the tree were found as capital, partner, location, and age, respectively. The features that did not affect the tree were gender, education, market, sector, and personnel.

Suggested Citation

  • Selim Corekcioglu & Bekir Polat, 2021. "Estimation of success of entrepreneurship projects with data mining," International Journal of Data Science, Inderscience Enterprises Ltd, vol. 6(2), pages 85-108.
    • Handle: RePEc:ids:ijdsci:v:6:y:2021:i:2:p:85-108
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