Characteristic
From Open Risk Manual
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Contents
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
Characteristic versus Attribute
The terms are quite frequently used interchangeably. More careful language would reserve the term Attribute for the range of values of the Characteristic.
Example
The values: Owner, Renting, Parents are the attributes of the characteristic Residential Status
Issues and Challenges
- Non-monotonic behavior (Reversal)