Read on to know more about the concept and the usage of rank ordering in classification models — I have been working with credit risk models for quite some time now and I have noticed the emphasis our stakeholders put on our classification models following rank-ordering. There is a reason for that and we will learn about that in this short post. Rank ordering is an important measure…

Business understanding is equally important as the algorithm understanding for all the credit risk modelers/analysts — Off late, I have been noticing that a lot of focus is on the latest algorithms that are circulating in the data science community. Every day we are introduced to better performing methodologies that can be employed to make our predictive models more efficient than ever before. But with this…

It’s really interesting — This is the book that I am currently reading, and while I was having my lunch, its cover page was open on my laptop. I have to admit that after a few seconds, I got rather uneasy with a chameleon just behind my sandwich. I put away the screen then…

It’s really not Tech V/S Us. — Almost every day we stumble across articles that give a detailed overview of how Artificial Intelligence will take over all the human jobs and will cause a high rise in the unemployment rate. Sure, that’s one perspective of visualizing the future in the AI age but I believe there are…

Population Stability Index and Characteristic stability index — Once a model has been put into PROD (production), regular monitoring is required to make sure that the model is still relevant and reliable. …

The backbone of the model development process — Once the model development steps are complete, model validation comes into the picture. In fact model validation is an important part of the overall model development process. …

The steps in the lifecycle of a Data Science project — We are witnessing a Data Science boom all around us. This has become the new technical jargon that is passed on around like a buzz word nowadays. We’ll learn in this post about what Data Science actually entails by covering the following: What are the steps in the lifecycle of…

Perfect to educate yourself bit by bit, daily, about the vast pool of Machine learning concepts Some time back, I stumbled upon a Machine learning group on Telegram. I started reading the daily updates they posted on that group and the content was amazing. We are so busy in our…

Learn more about WHEN to use which coefficient in this post — I recently came across a scenario where I educated myself about the difference between the Pearson and Spearman correlation coefficient. I felt that is one piece of information that a lot of people in the data science fraternity on the medium can make use of. I’ll explain thoroughly the difference…