Validation, Model Performance and Cut-off Strategy

Steven Finlay

Chapter 8 in Credit Scoring, Response Modeling, and Insurance Rating, 2012, pp 203-233 from Palgrave Macmillan

Abstract: Abstract Once a model has been constructed, the only way its performance can be assessed accurately is by using an independent holdout sample. Where a model is going to be applied some time after the development and holdout samples were taken, then it is good practice to also assess the model using an out-of-time sample.

Keywords: Model Performance; Insurance Rate; Score Distribution; Model Score; Cumulative Proportion (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03169-3_8

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DOI: 10.1057/9781137031693_8

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