368 Solving Operational Business Intelligence with InfoSphere Warehouse Advanced Edition
parental status, and so on. The system can then use predictive models
(
classification) to generate a credit risk score in real time that can be used as a
basis for either denying the application outright, or recommending for approval.
The scoring might also be used to indicate a best fit interest rate or repayment
terms, depending on risk level. The process might be more nuanced in that the
system makes a recommendation that is then followed up by a loan agent. The
process might also be used for over-the-phone applications or account changes.
The process for designing, training, validating, and deploying the predictive data
mining model in this scenar