The probability of default is a metric that lenders use to assess risk on customers, group them into similar risk bands, and determine what interest rate to charge them. A lender will use probability of default to calculate expected return and loss at the individual and portfolio level. A model is trained on the "Give me some credit" dataset. "SeriousDlqin2yrs" is used as target column to predict default probability.
TAGS: risk, scoring, risk assessment, SMOTE, random forest
EXAMPLES Server: 50_Applications/38_Credit_Risk_Assessment/Credit_Scoring_Training50_Applications/38_Credit_Risk_Assessment/Credit_Scoring_Training*
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* Find more about the Examples Server here.
The link will open the workflow directly in KNIME Analytics Platform (requirements: Windows; KNIME Analytics Platform must be installed with the Installer version 3.2.0 or higher). In other cases, please use the link to a zip-archive or open the provided path manually