You Have Been Asked to Provide a Credit Reference for a Customer.Which

question 2

Multiple Choice

You have been asked to provide a credit reference for a customer.Which of the following will be part of your written response?

• A)your opinions about the customer
• B)a statement as to whether the client is a good credit risk
• C)a general statement about the client's credit history, followed by supporting details
• D)all of the above

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Definitions:

Logistic Regression

A statistical model used to predict the probability of a binary outcome based on one or more predictor variables.

Categorical

Relating to data that can be divided into specific groups or categories that are mutually exclusive.

Explanatory Variables

Variables in a statistical model that are thought to influence or predict changes in a response variable.

Binomial Outcome

A situation in statistics where an experiment or trial results in one of two outcomes, often termed success or failure.