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Abstrakty
Credit scoring models are empirically designed; that is, they are developed entirely from information gained through prior experience, Using historical data and statistical techniques, credit scoring tries to isolate the effects of various applicant characteristics on delinquencies and defaults. The method produces a "score" that a bank can use to rank its loan applicants or borrowers in terms of risk. To build a scoring model, or "scorecard" developers analyze historical data on the performance of previously made loans to determine which borrower characteristics are useful in predicting whether the loan performed well. A well-designed model should give a higher percentage of high scores to borrowers whose loans will perform well and a higher percentage of low scores to borrowers whose loans won't perform well. But no model is perfect, and some bad accounts will receive higher scores than some good accounts. (fragment of text)
Rocznik
Strony
127--136
Opis fizyczny
Twórcy
autor
- Warsaw Agricultural University, Poland
Bibliografia
- http://www.microfinance.com/English/Papers/Scoring_For_Your_Bank.pdf
- Jayagopal B.: Applying Data Mining Techniques to Credit Scoring. "Condissa Bulletin" 2004, No 5, March, www.codissia.com/news bulletin/ lst December 2004.pdf
- Mays E.: Credit Risk Modeling - Design and Application. The Glenlake Publishing Company Ltd., 1998.
- Mester L.J.: What's the Point of Credit Scoring? "Bussiness Review" 1997, September/October.
- Schreiner M.: Credit Scoring for Microfmance: Can It Work? "Micro- finance Risk Management" 2000, November, http://www.microfinance.com/English/Papers/Scoring_Can_It_Work.pdf
- Thomas L.C.: A Survey of Credit and Behavioural Scoring; Forecasting Financial Risk of Lending to Consumers. "International Journal of Forecasting" 2000, 16.
- Thomas L.C., Edelman D.B., Crook J.N.: Credit and Its Applications. Society for Industrial and Applied Mathematics, Philadelphia 2002.
- Thomas L.C., Oliver R.W., Hand D.J.: A Survey of the Issues in Consumer Credit Modelling Research. Working paper, www.firn.net.au/seminar programme/Paper1LynThomas.pdf
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171431946