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R: Unleash Machine Learning Techniques
book

R: Unleash Machine Learning Techniques

by Raghav Bali, Dipanjan Sarkar, Brett Lantz, Cory Lesmeister
October 2016
Beginner to intermediate
1123 pages
26h 44m
English
Packt Publishing
Content preview from R: Unleash Machine Learning Techniques

What is credit risk?

We have been using this term credit risk since the start of this chapter and many of you might be wondering what exactly does this mean, even though you might have guessed it after reading the previous section. Here, we will be explaining this term clearly so that you will have no problem in understanding the data and its features in the subsequent sections when we will be analyzing the data.

The standard definition of credit risk is the risk of defaulting on a debt which takes place due to the borrower failing to make the required debt payments in time. This risk is taken by the lender since the lender incurs losses of both the principal amount as well as the interest on it.

In our case, we will be dealing with a bank which ...

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Publisher Resources

ISBN: 9781787127340Purchase Link