Handbook of Statistical Analysis and Data Mining Applications

Tutorial E

Credit Scoring Using STATISTICA Data Miner

Kiron Mathew and Edited by Gary Miner, Ph.D.

Introduction: What Is Credit Scoring?

Credit Scoring: Business Objectives

Case Study: Consumer Credit Scoring

Analysis and Results

Comparative Assessment of the Models (Evaluation)

Deploying the Model for Prediction

Conclusion

Introduction: What Is Credit Scoring?

Over the last half of the twentieth century, lending to consumers exploded. Consumer credit has had one of the highest growth rates in any sector of the business. Consumers use credit to obtain goods and services now and then pay for them later. Many credit applicants are, in fact, good credit risks, but some are not. The risk for financial institutions comes from not knowing how ...