A survey of credit and behavioural scoring: forecasting financial risk of lending to consumers
Thomas, Lyn C. (2000) A survey of credit and behavioural scoring: forecasting financial risk of lending to consumers. International Journal of Forecasting, 16, (2), 149-172. (doi:10.1016/S0169-2070(00)00034-0).
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Credit scoring and behavioural scoring are the techniques that help organisations decide whether or not to grant credit to consumers who apply to them. This article surveys the techniques used — both statistical and operational research based — to support these decisions.
It also discusses the need to incorporate economic conditions into the scoring systems and the way the systems could change from estimating the probability of a consumer defaulting to estimating the profit a consumer will bring to the lending organisation — two of the major developments being attempted in the area. It points out how successful has been this under-researched area of forecasting financial risk.
|Keywords:||finance, discriminant analysis, classification, economic forecasting, profit scoring|
|Subjects:||H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
|Divisions:||University Structure - Pre August 2011 > School of Management
|Date Deposited:||26 Jun 2006|
|Last Modified:||06 Aug 2015 02:31|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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