When Creating Credit Scores, Credit Bureaus Rely on a Model

question 94

True/False

When creating credit scores, credit bureaus rely on a model created by the Fair Isaac Corporation.

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Definitions:

Expertise

A high level of knowledge or skill in a particular area, usually acquired through education, training, and extensive experience.

Recursive Optimization

A method in computational mathematics where a problem is solved by breaking it down into simpler subproblems and optimizing each recursively.

Flexible Intent

The ability to adjust one's goals and strategies based on changing circumstances or information.

Fetal Alcohol Syndrome

A condition in a child resulting from alcohol exposure during the mother's pregnancy, causing growth problems, facial abnormalities, and cognitive deficits.