Credit risk strategy is the process that follows after the scorecard development and before its implementation. It tells us how to interpret the customer score and what would be an adequate actionable treatment corresponding to that score.
Advanced validation framework and dealing with unbalanced data
Segmentation and reject inference, or keep it simple? – That is the question!
Scorecard development describes how to turn data into a scorecard model
How to achieve parsimony and what is the key information to look for?
Data preparation is a key aspect of any data mining project including development of a credit scorecard