Abstract
Once a model has been constructed, the only way it can be assessed accurately is by using an independent holdout sample. Where a model is going to be applied some time after the development and holdout samples were taken, then it is good practice to also assess the model using an out-of-time sample.
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© 2010 Steven Finlay
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Finlay, S. (2010). Validation, Model Performance and Cut-off Strategy. In: Credit Scoring, Response Modelling and Insurance Rating. Palgrave Macmillan, London. https://doi.org/10.1057/9780230298989_8
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DOI: https://doi.org/10.1057/9780230298989_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36689-7
Online ISBN: 978-0-230-29898-9
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