The PROBIT.lng Model

Probability Planning Model

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This is a model for deriving a score to predict a 0/1 outcome (e.g., default on a loan). Dependent variable should be 0/1. PROBIT assumes score() has a standard Normal distribution, thus probability that dependent variable i is in fact 1 = @PSN( score(i));.


Forecasting | Distribution | Probabilities | Uncertainty | Maximum Likelihood | Discriminant Analysis | Scoring | Credit scoring |