Classification scorecards are a great way to predict things because the techniques used in the banking industry specialize in interpretability, predictive power, and ease of deployment. The banking industry has long used credit scoring to determine credit risk—the likelihood a particular loan will be paid back. A scorecard is a common way of displaying the patterns found in a classification model — typically a logistic regression model. However, to be useful the results of the scorecard must be easy to interpret. The main goal of a credit score and scorecard is to provide a clear and intuitive way
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