Training and using a two stage machine learning model to predict an outcome of a prospective transaction

Abstract

A machine learning model, such as a Gradient Boosting Machine model, is trained using historical data associated with different types of operations. The machine learning model extracts features from the historical data and learns which features result in a predefined outcome, such as approval by a predefined entity. After the machine learning model is trained and validated as being accurate, it is used to predict the likelihood of a prospective operation achieving the predefined outcome when submitted right away versus a future date. If the likelihood of achieving the predefined outcome is low if submitted right away, the submission of the prospective operation is temporarily suspended. The machine learning model calculates a future time during which to submit the prospective operation for approval, where the future time has a greater likelihood of achieving the predefined outcome. This reduces waste of electronic resources including computer processing power and network communication bandwidth.