Indeterminate values of target variable in development of credit scoring models
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14310%2F13%3A00069259" target="_blank" >RIV/00216224:14310/13:00069259 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.11118/actaun201361072709" target="_blank" >http://dx.doi.org/10.11118/actaun201361072709</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201361072709" target="_blank" >10.11118/actaun201361072709</a>
Alternative languages
Result language
angličtina
Original language name
Indeterminate values of target variable in development of credit scoring models
Original language description
In the beginning of every modelling procedure, the first question to ask is what we are trying to predict by the model. In credit scoring the most frequent case is modelling of probability of default; however other situations, such as fraud, revolving ofthe credit or success of collections could be predicted as well. Nevertheless, the first step is always to define the target variable. The target variable is generally an ?output? of the model. It contains the information on the available data that we want to predict in future data. In credit scoring it is commonly called good/bad definition. In this paper we study the effect of use of indeterminate value of target variable in development of credit scoring models. We explain the basic principles of logistic regression modelling and selection of target variable. Next, the focus is given to introduction of some of the widely used statistics for model assessment.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta universitatis agriculturae et silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
61
Issue of the periodical within the volume
7
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
8
Pages from-to
2709-2716
UT code for WoS article
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EID of the result in the Scopus database
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