This blog is a list of Modeling Questions and links to other posts that have detailed answers to these questions.
In addition, these questions can serve as a reference for new modelers who may just have some basic questions on the modeling process. How to get started? How to plan a project?
FAMQ:
Why are First Steps important? – Defining the Problem
How do you approach first steps if you are a client?
What kind of problem do you have?
What is the modeling target (dependent variable(s))?
What are predictive (independent) variables
Can a predictive variable be used in implementation?
What are the time windows for both the target and predictive variables?
What is Performance Inference?
During the Model Development and Review process a number of issues may arise that may best be addressed proactively. This document is intended to address some of the more common issues that tend to come to the forefront during the model review process. Many of these items may be subject to the personal opinions of the individual reviewer; however, they are all valid issues. A resolution process should be developed to resolve any conflicts.
In addition, these questions can serve as a reference for new modelers who may just have some basic questions on the modeling process. How to get started? How to plan a project?
FAMQ:
Why are First Steps important? – Defining the Problem
How do you approach first steps if you are a client?
What kind of problem do you have?
What is the modeling target (dependent variable(s))?
What are predictive (independent) variables
Can a predictive variable be used in implementation?
What are the time windows for both the target and predictive variables?
What is Performance Inference?
- What is “Truncation”?
- Why is performance inference important?
- How is performance inference done?
- When is performance inference required?
- What is the Accept/Reject (A/R) pattern?
- Why reject inference is better than a KGB( Known Good/Bad) model?
- Given all this a priori knowledge, what can be done to reflect this in a model based only on the KGB data?
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