Scorecard

From Open Risk Manual
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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