Credit scoring determines who qualifies for elite "black" cards or airline miles.
Do not use one model for everything. Thomas demonstrated that dynamic programming over the customer lifecycle increases risk-adjusted return by 15–25%. credit scoring and its applications by l c thomas hot
: A scorecard isn't static; Thomas details methods for monitoring its performance and deciding when the model needs an update to reflect changing economic conditions. Google Books Applications Beyond Banking Credit scoring determines who qualifies for elite "black"
by Lyn C. Thomas , David B. Edelman, and Jonathan N. Crook is a foundational text for anyone in risk management or financial data science. David B. Edelman