Monthly Archives: April 2014

Consumer credit: seeking accuracy?

As part of a training scheduled in the next few weeks I’ve been trying to figure out a summary outline about consumer credit scoring models. Based on a sample data set (with 10,000 records, found in ISLR and courtesy of a California bank) the following scatter plot shows, in a

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Posted in Economics
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Policy failure in lieu of policy favor

As Yanis Varoufakis points out there are four sub-crisis: a banking crisis, a crisis of under-investment, a social crisis and a public debt crisis – the result of five years of policy failure. The first crisis is the banking crisis. Sweeping in from North America it’s proven useful to demonstrate how the Eurozone has

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Posted in Economics
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Portable credit risk system

One would certainly dream of perfect portable credit risk system like the one below, unfortunately it’s one of the abounding ones in textbooks, created with simulated data. Reality can be much different.

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Posted in Economics
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