Originally published in KDNuggets.com More than a decade back while joining a large US Credit Card company, it was surprising to see that Predictive Analytics was limited to multivariate regression and logistic models. This was in contrast to previous stints at Start-Ups funded by NASA / NIST where a broader set of Machine Learning (ML) methods including SVMs, NNs, Random or Gradient Boosting Trees were regularly applied. There were a number of good reasons for using the simpler models in Retail Lending. Firstly, Decision Frameworks were already in place that made input
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