Difference between revisions of "Scorecard"

From Open Risk Manual
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== Model Description ==
 
== Model Description ==
 
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* A scorecard is comprised of a set of [[Characteristic | characteristics]]. There can be either [[Categorical Variables]] or [[Numerical Variables]]. The model defines a point allocation for each scorecard characteristic.
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* Once point allocation between input attributes and partial scores takes place, each scorecard characteristic is assigned a single partial score which is used to compute the overall score.
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* The overall score is simply the sum of all partial scores.
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* Partial scores are assumed to be continuous values of type "double".
  
 
=== Response Variables ===
 
=== Response Variables ===

Revision as of 22:26, 1 September 2021

Definition

Scorecard

This entry serves as the Abstract Risk Model specification of a standardized Predictive Model in the Risk Model Ontology

Model Context

Model Classification

Model Description

  • A scorecard is comprised of a set of characteristics. There can be either Categorical Variables or Numerical Variables. The model defines a point allocation for each scorecard characteristic.
  • Once point allocation between input attributes and partial scores takes place, each scorecard characteristic is assigned a single partial score which is used to compute the overall score.
  • The overall score is simply the sum of all partial scores.
  • Partial scores are assumed to be continuous values of type "double".

Response Variables

Explanatory Variables

Model Parameters

The Functional Form

Model Estimation

Stylized Model Assumptions

See Also