onsider the possibility of credit scoring being used in the prison system to decide who is to be allowed out for this 48-hour period. We need to consider how this might work. Specifically, consider this as a scorecard development and propose suitable definitions for: The applicant population Good’s, Bad’s, and Rejects Also, suggest eight (and quite different) characteristics for the scorecard development phase that you think could be predictive and on which you would try to capture data.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 44P
icon
Related questions
Question

Consider the possibility of credit scoring being used in the prison system to decide who is to be
allowed out for this 48-hour period.
We need to consider how this might work.
Specifically, consider this as a scorecard development and propose suitable definitions for:
The applicant population
Good’s, Bad’s, and Rejects
Also, suggest eight (and quite different) characteristics for the scorecard development phase
that you think could be predictive and on which you would try to capture data.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,