Accession Number : AD0668322

Title :   CLASSIFICATION AND DISCRIMINATION IN THE ANALYSIS OF CREDIT RISKS: II.

Descriptive Note : Research rept.,

Corporate Author : CARNEGIE-MELLON UNIV PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP

Personal Author(s) : Majone,Giandomenico

Report Date : MAR 1968

Pagination or Media Count : 34

Abstract : The report introduces a decision-theoretic approach to the problem of discriminating among several categories of credit risks. Bayesian decision rules are discussed and illustrated by a numerical example. Limitations of linear discriminant methods are pointed out. Practical problems concerning the unbiased testing of classification rules, the discriminations of rare patterns and the updating of the available statistical information are also discussed. The report concludes with a brief treatment of new approaches to sequential classification. (Author)

Descriptors :   (*MONEY, *MANAGEMENT PLANNING AND CONTROL), (*DECISION THEORY, ECONOMICS), PROBABILITY, OPTIMIZATION, SAMPLING, PERFORMANCE(HUMAN), POPULATION(MATHEMATICS), CORRELATION TECHNIQUES, MATHEMATICAL MODELS

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE