Difference between revisions of "Characteristic"
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== Definition == | == Definition == | ||
'''Characteristic''' (also ''Feature'' in [[Machine Learning]] context) is a general term denoting a variable or other concrete determinant that influences the [[Risk Profile]] of a system, entity, financial asset etc. It is used predominantly in development of statistical [[Risk Model | risk models]] | '''Characteristic''' (also ''Feature'' in [[Machine Learning]] context) is a general term denoting a variable or other concrete determinant that influences the [[Risk Profile]] of a system, entity, financial asset etc. It is used predominantly in development of statistical [[Risk Model | risk models]] | ||
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=== Example === | === Example === | ||
| − | The values: Owner, Renting, Parents are the attributes of the characteristic Residential Status | + | The values: ''Owner'', ''Renting'', ''Parents'' are the [[Scorecard Attribute | attributes]] of the characteristic ''Residential Status'' |
== Issues and Challenges == | == Issues and Challenges == | ||
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* [[Categorical Variable]] | * [[Categorical Variable]] | ||
* [[Scorecard]] | * [[Scorecard]] | ||
| + | * [[Characteristic versus Attribute]] | ||
[[Category:Credit Scorecard Development]] | [[Category:Credit Scorecard Development]] | ||
Latest revision as of 11:19, 2 September 2021
Definition
Characteristic (also Feature in Machine Learning context) is a general term denoting a variable or other concrete determinant that influences the Risk Profile of a system, entity, financial asset etc. It is used predominantly in development of statistical risk models
Example
The values: Owner, Renting, Parents are the attributes of the characteristic Residential Status
Issues and Challenges
- Non-monotonic behavior (Reversal)
