Difference between revisions of "Scorecard"

From Open Risk Manual
Line 11: Line 11:
  
 
== Model Description ==
 
== Model Description ==
* 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.  
+
* A scorecard is comprised of a set of [[Characteristic | characteristics]]. These can be either a [[Categorical Variable]] or [[Numerical Variable]]. 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.  
 
* 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.  
 
* The overall score is simply the sum of all partial scores.  

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. These can be either a Categorical Variable or Numerical Variable. 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