3.10.1 Create Quantitative Scoring Model

This topic describes the systematic instructions to configure the quantitative scoring model based on the various scoring parameters.

The parameters driving the scoring models are configurable. The user can create quantitative scoring model by updating various details.

Specify User ID and Password, and login to Home screen.

1. On Homescreen, click Core Maintenance, under Core Maintenance, click Credit Decision.
2. Under Credit Decision, click Maintenance, under Maintenance, click Quantitative Scoring Model, under Quantitative Scoring Model, click Create Quantitative Scoring Model.
   The Create Quantitative Scoring Model screen displays.

   Figure 3-34 Create Quantitative Scoring Model

   
   

   
   Description of "Figure 3-34 Create Quantitative Scoring Model"

   
   
3. On Create Quantitative Scoring Model screen, specify the fields.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 3-32 Create Quantitative Scoring Model - Field Description

   Field	Description
   Scoring Model	Select the scoring model from the drop-sown list. The available options are: Application Scoring Model Applicant Scoring Model Multi-Applicant Scoring Model
   Scoring Model Code	Specify the unique scoring model code.
   Scoring Model Description	Specify a short description for the scoring model.
   Effective Date	Specify the effective date.
   Expiry Date	Specify the expiry date.
   Product Processor	Specify the product processor for which the model is being created.
   Priority	Specify the priority of the model.

4. Click the Selection Criteria to define quantitative scoring model.
   The Create Quantitative Scoring Model - Selection Criteria screen displays.

   Figure 3-35 Create Quantitative Scoring Model - Selection Criteria

   
   

   
   Description of "Figure 3-35 Create Quantitative Scoring Model - Selection Criteria"

   
   

   For more information on fields, refer to the field description table.

   Table 3-33 Create Quantitative Scoring Model - Selection Criteria - Field Description

   Field	Description
   Use Existing Rule	By default, this option is enabled. Indicates if the existing rule is linked.
   Rule Code	Select the rule code from the drop down list.
   	Click this icon to get the information about the existing rule.
   Rule Name	Displays the rule name of the selected rule code.
   Create New Rule	Select this option to create new rule.
   Code	Specify the rule code.
   Description	Specify the rule description.
   + icon	Click this icon to add new expression.
   Fact / Rules	Select the fact or rule from the drop-down list. Once the user selects the fact/rules, one more field opens adjacent to the output, update the same based on the selected output option.
   Operator	Select the comparison operator from the drop-down list. The available options are: < > + = % != - >= <= * / Contains In Matches NotMatches NotContains Notin
   Data Type	Select the data type for the fact or rule. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
   Output	Select the output from the drop-down list. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
   Expression	Displays the expression updated in the expression builder.

5. Click the Scoring Rule to define the rules. This tab is enabled if Application Scoring Model is selected.
   The Create Quantitative Scoring Model - Scoring Rule screen displays.

   Figure 3-36 Create Quantitative Scoring Model - Scoring Rule

   
   

   
   Description of "Figure 3-36 Create Quantitative Scoring Model - Scoring Rule"

   
   

   For more information on fields, refer to the field description table.

   Table 3-34 Create Quantitative Scoring Model - Scoring Rule - Field Description

   Field	Description
   Rule Code	Select the rule code from the drop-down list.
   	Click this icon to get the information about the rule.
   Rule Name	Displays the rule name of the rule code.

6. Click the Feature tab to define the feature. This tab is enabled if Applicant Scoring Model and Multiple Applicant Scoring Model is selected.
   The Create Quantitative Scoring Model - Feature screen displays.

   Figure 3-37 Create Quantitative Scoring Model - Feature

   
   

   
   Description of "Figure 3-37 Create Quantitative Scoring Model - Feature"

   
   

   For more information on fields, refer to the field description table.

   Table 3-35 Create Quantitative Scoring Model - Feature - Field Description

   Field	Description
   + icon	Click this icon to add a new row.
   - icon	Click this icon to delete a row, which is already added.
   Feature	Select the feature from the drop-down list.
   Weightage (%)	Specify the weightage to be assigned to each feature code.
   Range Type	Select the range type from the drop down list. The available options are: Max Value Param Percent% Value For Applicant Scoring Model, this field is editable.
   Define Range/Value	Click the Define link to define the score for the expected response.
   Enable	By default, this option is enabled. Indicates if the scoring parameter is enabled or not.

7. Click the Define link to define a range or absolute values for each scoring feature to be considered for scoring model and score for that range or value.
   In case the data type of feature is numeric such as Bureau score, the Create Quantitative Scoring Model - Define Link - Numeric Feature screen displays.

   Figure 3-38 Create Quantitative Scoring Model - Define Link - Numeric Feature

   
   

   
   Description of "Figure 3-38 Create Quantitative Scoring Model - Define Link - Numeric Feature"

   
   

   For more information on fields, refer to the field description table.

   Table 3-36 Create Quantitative Scoring Model - Define Link – Numeric Feature - Field Description

   Field	Description
   Range Type	Displays the range type selected.
   Max Value	Specify the maximum value on which scoring has to be done, if range type ID is Max Value % or Param %.
   + icon	Click this icon to add a new row.
   - icon	Click this icon to delete a row, which is already added.
   Range From	Specify the minimum range of value based on which scoring is to be done.
   Range To	Specify the maximum range of value based on which scoring is to be done.
   Score/Percentage	Specify the percentage to be assigned for each range or value, if range type is Max value % or Param %. Specify the score to be assigned for each range or value, if range type is Value.
   Category	Specify the category for each range or value from the drop-down list. The values are configurable based on the lookup values maintained. The available options are: Strong Medium Weak

   If the data type of feature is alphanumeric such as Employment Category, the below screen appears.

   Figure 3-39 Create Quantitative Scoring Model - Define Link –Alphanumeric Feature

   
   

   
   Description of "Figure 3-39 Create Quantitative Scoring Model - Define Link –Alphanumeric Feature"

   
   

   For more information on fields, refer to the field description table.

   Table 3-37 Create Quantitative Scoring Model - Define Link –Alphanumeric Feature - Field Description

   Field	Description
   Range Type	Displays the range type selected. The default value for the same is Value.
   Max Value	Specify the maximum value for the range type.
   + icon	Click this icon to add a new row.
   - icon	Click this icon to delete a row, which is already added.
   Value	Specify the value of the feature.
   Score	Specify the score assigned for each range value.
   Category	Specify the category for each range or value from the drop-down list. The available options are: Strong Medium Weak

8. Click Done to save the data and close the range panel.
9. Click Save to save the details.
   The Quantitative Scoring Model is successfully created and can be viewed using the View Quantitative Scoring Model screen.