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Application of AI in Credit Scoring Modeling: BestMasters

Autor Bohdan Popovych
en Limba Engleză Paperback – 8 dec 2022
The scope of this study is to investigate the capability of AI methods to accurately detect and predict credit risks based on retail borrowers' features. The comparison of logistic regression, decision tree, and random forest showed that machine learning methods are able to predict credit defaults of individuals more accurately than the logit model. Furthermore, it was demonstrated how random forest and decision tree models were more sensitive in detecting default borrowers.
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Specificații

ISBN-13: 9783658401795
ISBN-10: 3658401796
Pagini: 83
Ilustrații: XV, 83 p. 22 illus. Textbook for German language market.
Dimensiuni: 148 x 210 mm
Greutate: 0.14 kg
Ediția:1st ed. 2022
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Seria BestMasters

Locul publicării:Wiesbaden, Germany

Cuprins

Introduction.- Theoretical Concepts of Credit Scoring.- Credit Scoring Methodologies.- Empirical Analysis.- Conclusion.- References.

Notă biografică

MA Bohdan Popovych is a data scientist and a researcher in quantitative finance. The main scientific focus of the author is application of advanced analytics and artificial intelligence in finance and economics.

Textul de pe ultima copertă

The scope of this study is to investigate the capability of AI methods to accurately detect and predict credit risks based on retail borrowers' features. The comparison of logistic regression, decision tree, and random forest showed that machine learning methods are able to predict credit defaults of individuals more accurately than the logit model. Furthermore, it was demonstrated how random forest and decision tree models were more sensitive in detecting default borrowers.

About the author 
MA Bohdan Popovych is a data scientist and a researcher in quantitative finance. The main scientific focus of the author is application of advanced analytics and artificial intelligence in finance and economics.