Hello,
I am new to the predictive analytics field. For my studies, I am investigating financial data. I need a bit of help to be honest to frame my question properly and to figure out which model to use based on the variables identified to answer the question below, which is why I am hoping to pick your expert brains with my question.
Goal:
Ultimately I would like to predict how much money should be provided to three organizations based on how well they perform in helping their clients find employment.
The more clients these organizations help, the more money they get. I have a chart that shows how much money will be provided to each organization if they can get at least 80% of their clients to be employed after 1 month of providing service to the clients. If the client is still employed after 3 months then the organization gets more money, and if the client is still employed after 12 months then the organization gets even more money.
Basically...a client comes to an organization for help finding a job. The organization helps the client..i.e. resume help/find employment for them and then once the client lands a job, the organization's work is done. However, that organization will not receive money right away just because the client landed a job, the organization will receive money if the client is still employed in the same place after 1 month ($85) of landing the job, and then exactly 3 months from that date, the organization will receive more money ($115) if the client is still employed in the same place after 3 months; and then exactly 12 months from that date, the organization will receive more money ($1000) if the client is still employed in the same place after 12 months.
I have 1 year worth of data from these 3 organizations that shows how many clients came to them for employment help and out of the clients that came to them for help, how many are employed in the same place after 1,3, 12 months. I also have the total payments that went out to these 3 organizations based on the number of clients each organization has helped landing a job.
What I want to know is, based on the client intake (number of clients that came to the 3 organizations for help) and client outcome (number of clients that landed and stayed in same jobs 1,3,12 months after receiving service) from this year, how can I predict what the dollar amount will be for next year that needs to be given to the 3 organizations?
I hope my question made sense to you, please feel free to ask me any question if you need more clarifications, based on your expertise, what model in R can I use to do this kind of analysis?
Thank you