Further Topics

Steven Finlay

Chapter 12 in Credit Scoring, Response Modeling, and Insurance Rating, 2012, pp 273-280 from Palgrave Macmillan

Abstract: Abstract The information provided in Chapters 1 through 10 should be sufficient to provide an understanding of the processes involved in the construction and application of predictive models of consumer behavior. In this chapter the following additional topics are discussed: Modeling and validation when only small samples are available. Alternative methods of assessing model performance. These are particularly useful when two competing models are being compared. Stress testing. This is about assessing the sensitivity of models to changes in the distribution of the predictor variables and/or environmental factors that alter the relationship between the predictor variables and consumer behavior.

Keywords: Cross Validation; House Price; Consumer Behavior; Insurance Rate; Credit Scoring (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03169-3_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137031693

DOI: 10.1057/9781137031693_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().