The probability of default is a metric that lenders use to assess risk on customers, group them into similar risk bands, and determine what interest rate to charge them. A lender will use probability of default to calculate expected return and loss at the individual and portfolio level. A model is trained on the "Give me some credit" dataset. "SeriousDlqin2yrs" is used as target column to predict default probability.
Used extensions & nodes
Created with KNIME Analytics Platform version 4.5.1
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