ENGLISH

Credit Scoring, Response Modelling and Insurance Rating: A Practical Guide to Forecasting Consumer Behaviour

By Steven Finlay

Book information

Publisher
Palgrave Macmillan
Year
2010
ISBN
0230577040, 9780230577046
LCC
HG3701 .F55 2010
Open Library ID
OL24524807M
Language
english
Format
PDF
Filesize
1 MB (1280015 bytes)
Edition
1
Pages
295\295
Topic
Economy
Orientation
yes
Scanned
no
Time added
2012-02-04 16:00:00
Финансово-экономические дисциплины;Финансовая мате

Description

Within the financial services industry today, most decisions on how to deal with consumers are made automatically by computerized decision making systems. At the heart of these systems lie mathematically derived forecasting models. These use information about people and their past behavior, to predict how people are likely to behave in the future. For example, who is likely to repay a loan, who will respond to a mail shot and the likelihood that someone will claim on their household insurance policy. Decisions about how to treat people are then made on the basis of the predictions calculated by the system. This book provides a step-by-step guide to how the forecasting models used by the worlds leading financial institutions are developed and deployed. It covers all stages involved in the construction of such a model, including project management, data collection, sampling, data pre-processing, model construction, validation, implementation and post-implementation monitoring of the model's performance.

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