{"product_id":"specification-and-informational-issues-in-nicholas-m-kiefer-9781505308839","title":"Specification and Informational Issues in Credit Scoring","description":"Lenders use rating and scoring models to rank credit applicants on their expected performance. The models and approaches are numerous. We explore the possibility that estimates generated by models developed with data drawn solely from extended loans are less valuable than they should be because of selectivity bias. We investigate the value of \"reject inference\" - methods that use a rejected applicant's characteristics, rather than loan performance data, in scoring model development. In the course of making this investigation, we also discuss the advantages of using parametric as well as nonparametric modeling. These issues are discussed and illustrated in the context of a simple stylized model.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Nicholas M. Kiefer\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1505308836\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781505308839\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/31\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 32\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.22lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.00h x 8.50w x 0.07d","brand":"Nicholas M. Kiefer","offers":[{"title":"Paperback","offer_id":48622989443327,"sku":"9781505308839","price":15.99,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/specification-and-informational-issues-in-nicholas-m-kiefer-9781505308839","provider":"WR Book House","version":"1.0","type":"link"}