What proportion of the variation in the number of missed payments can be explained by the relationship
Question:
What proportion of the variation in the number of missed payments can be explained by the relationship between credit score and default rate that your line describes?
Trenton Bank has a scoring system that it uses to evaluate new loan applications. You’ve been tracking the number of late or missed payments for a sample of “high risk” customers who received loans and have had scheduled payments over the past 60 months. The table below shows the number of late or missed payments and the credit scores for the four customers in the study.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Question Posted: