Scorecard

Definition

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

Model Use Context

• Risk Analysis
• Risk Acceptance

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".

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

Model Parameters

N/A

See Also

• PMML Scorecard
• Scorecards