Bump hunting for risk: a new data mining tool and its applications (Q1861619)
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English | Bump hunting for risk: a new data mining tool and its applications |
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Bump hunting for risk: a new data mining tool and its applications (English)
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9 March 2003
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In contrast to usual risk assessment techniques bump hunting is aimed not at the estimation of the posterior risk probability, but to the search of sub-regions where this probability is considerably larger than the average risk over all the explored regions. The authors describe a new forward-backward procedure for searching such critical regions which have rectangular form (boxes). The procedure is applied to a credit data example. A visual tool is described for the control of the procedure. The results are compared to logistic regression, linear discriminant analysis and CART results. The authors also describe a modified version of this procedure which allows censored data analysis. Results of survival data analysis are described.
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classification
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credit scoring
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prognostic factors
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censoring
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survival analysis
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