Dynamic Credit Scoring on Consumer Behavior Using Fuzzy Markov Model

2009 ◽  
Author(s):  
Ke Liu ◽  
Kin Keung Lai ◽  
Sy-Ming Guu
Keyword(s):  
Consumer Behavior ◽  
Markov Model ◽  
Credit Scoring

scholarly journals Credit Scoring for M-Shwari using Hidden Markov Model

2016 ◽  
Vol 12 (15) ◽  
pp. 176
Author(s):  
Ntwiga, Davis Bundi ◽  
Weke Patrick
Keyword(s):  
Markov Model ◽  
Hidden Markov Model ◽  
Banking Sector ◽  
Hidden Markov ◽  
Credit Scoring ◽  
Quality Level ◽  
Financial History ◽  
Credit Quality ◽  
The Poor ◽  
Credit Scores

The introduction of mobile based Micro-credit facility, M-Shwari, has heightened the need to develop a proper decision support system to classify the customers based on their credit scores. This arises due to lack of proper information on the poor and unbanked as they are locked out of the formal banking sector. A classification technique, the hidden Markov model, is used. The poor customers’ scanty deposits and withdrawal dynamics in the M-Shwari account estimate the credit risk factors that are used in training and learning the hidden Markov model. The data is generated through simulation and customers categorized in terms of their credit scores and credit quality levels. The model classifies over 80 percent of the customers as having average and good credit quality level. This approach offers a simple and novice method to cater for the unbanked and poor with minimal or no financial history thus increasing financial inclusion in Kenya.

Why Don't Psychologists Study Consumer Behavior?

1987 ◽  
Vol 32 (9) ◽  
pp. 795-796
Author(s):  
Thomas K. Srull
Keyword(s):  
Consumer Behavior

Perspectives That Promise Development in Consumer Behavior

PsycCRITIQUES ◽  
2013 ◽  
Vol 58 (29) ◽  
Author(s):  
Candice R. Hollenbeck
Keyword(s):  
Consumer Behavior
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