DocumentCode :
3720763
Title :
Credit scoring based on a continuous scale for on-line credit quality control
Author :
Kirill Romanyuk
Author_Institution :
Department of Information Systems in Economics and Management, Peter the Great Saint-Petersburg Polytechnic University, Russia
fYear :
2015
Firstpage :
1
Lastpage :
5
Abstract :
The given paper proposes a method to assess credit worthiness based on a continuous scale. This method in contrast to current methods that rely on a binary scale such as bad/good credit uses aggregated randomized indices. Its application may have certain practical benifits in real life, e.g. assessing the individual loan price of a particular person rather than setting a standard loan price for clients. The credit scoring model is based on set of private borrowers information that can be converted into quality function corresponding to a weighting coefficient. These weighting coefficients and quality functions then can be used to compute the quality of credit score on a continuous scale. Results based on data from German credit base have showed the feasibility of the approach. It was found that results of credit scoring with a different scales can not be correctly compared by probability of well classified borrowers.
Keywords :
"Estimation","History","Liquids","Quality control","Standards","Random variables","Conferences"
Publisher :
ieee
Conference_Titel :
Evolving and Adaptive Intelligent Systems (EAIS), 2015 IEEE International Conference on
Type :
conf
DOI :
10.1109/EAIS.2015.7368796
Filename :
7368796
Link To Document :
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