Difference between revisions of "Scorecard"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
Line 4: | Line 4: | ||
This entry serves as the [[Abstract Risk Model]] specification of a standardized [[Predictive Model]] in the [[Risk Model Ontology]] | This entry serves as the [[Abstract Risk Model]] specification of a standardized [[Predictive Model]] in the [[Risk Model Ontology]] | ||
− | == Model Context == | + | == Model Use Context == |
+ | * [[Risk Acceptance]] | ||
== Model Classification == | == Model Classification == |
Revision as of 19:40, 11 March 2024
Contents
Definition
Scorecard
This entry serves as the Abstract Risk Model specification of a standardized Predictive Model in the Risk Model Ontology
Model Use 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
The explanatory variables of a scorecard are its Characteristic. In the case of binned or categorical variables, the possible values of each characteristic are termed Attribute