The LOGIT.lng Model

Score Deriving Model

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Model for deriving a score to predict a 0/1 outcome (e.g., default on a loan). Dependent variable should be 0/1. The model assumes score() has a standard Logistics distribution. Thus, probability that dependent variable i is in fact 1=cdflogistic( score(i));

Keywords:

Maximum Likelihood | LOGIT | Discriminant Analysis | Scoring | Binary Choice | Credit scoring | MLE |