Application of AI in Credit Scoring - E-book

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Application Of Ai In Credit Scoring Modeling - ENG

Bohdan Popovych

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Sinopsis

ISBN:	9783658401801
Formato:	ePub
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Negocios y economía
Subtema:	Industrias servicios financieros
Año de publicación:	2022-12-07

The scope of this study is to investigate the capability of AI methods to accurately detect and predict credit risks based on retail borrowers features. The comparison of logistic regression, decision tree, and random forest showed that machine learning methods are able to predict credit defaults of individuals more accurately than the logit model. Furthermore, it was demonstrated how random forest and decision tree models were more sensitive in detecting default borrowers.

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