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Step 2 Selected Database - Taiwan Credit Data Set Observations - 30000 Variables - 25 Variables under protected class - 3 (namely Age, Marriage and Sex) Legal Precedence 1. Age : Age Discriminat ... ion in Employment Act of 1967 2. Sex : Equal Pay Act 3. Marriage : Civil Rights Act, 1968 Step 3 Selected Credit RIsk formula Credit Risk formula for individual = SUM(BILL_AMT1 + BILL_AMT2 + BILL_AMT3 +BILL_AMT4 + BILL_AMT5 + BILL_AMT6) - (PAY_AMT1 + PAY_AMT2 + PAY_AMT3c+ PAY_AMT4 + PAY_AMT5 + PAY_AMT6) - MIN ((BILL_AMT1 + BILL_AMT2 + BILL_AMT3 +BILL_AMT4 + BILL_AMT5 + BILL_AMT6) - (PAY_AMT1 + PAY_AMT2 + PAY_AMT3c+ PAY_AMT4 + PAY_AMT5 + PAY_AMT6))/ RANGE((BILL_AMT1 + BILL_AMT2 + BILL_AMT3 +BILL_AMT4 + BILL_AMT5 + BILL_AMT6) - (PAY_AMT1 + PAY_AMT2 + PAY_AMT3c+ PAY_AMT4 + PAY_AMT5 + PAY_AMT6)) This is because the difference between the bills spent and amount paid back is an accurate measure of the individual’s repayment metric. If this value is 0 then the risk in lending is low since the bills have been repaid but if it is high then there is risk in that lending transaction. [Show More]
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