Credit scoring firms such as Fair Isaac base their scoring only on electronic data collected from financial sources. A low credit score may significantly affect a person’s or a family’s life. What information that may be relevant is not considered in the scoring?
Answer to relevant QuestionsAs an increasing amount of decision making is carried out by software, do you think the demand for college-educated workers will diminish?How could an ES be used to detect probable fraud committed by a bank employee?1. Consider the various data elements that would be gathered for prospective health insurance customers. Think about other situations which could be developed to target customers and the associated structured decisions.2. ...What is knowledge, and how does it differ from other information?You are an executive for a large retail chain. Your IT professionals use data-mining software. They tell you of the following relationship the software found: middle-aged single men tend to purchase personal grooming ...
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