The evaluation of classification models for credit scoring

The evaluation of classification models for credit scoring The Contents 1 Introduction ——————————– ——————————– —————————– 1 2 Reasons of the model evaluation ——————————– ——————————– – 3 3 Criterions of the model evaluation ——————————– ——————————- 6 3.1 The classification accuracy ——————————– ——————————– —– 6 3.1.1 The estimation of true error rates ——————————– ————————- 6 3.1.2 Sampling of train and test data …

Filter- versus Wrapper-based Feature Selection For credit scoring

We address the problem of credit scoring as a classification and feature subset selection problem. Based on the current framework of sophisticated feature selection methods, we identify features that contain the most relevant information to distinguish good loan payers from bad loan payers. The feature selection methods are validated on several real world datasets with different types of classifiers. We …