Empirical Bayes analysis of the commercial loan evaluation process

In this paper, logistic regression models containing random effects are explored as a means of simulating the decision process of commercial loan officers. Empirical Bayes estimates, determined with the EM Algorithm, are calculated for the random parameters. Analysis of data from a major Canadian bank is presented.

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Year of publication:	1993
Authors:	Leonard, Kevin J.
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 18.1993, 4, p. 289-296
Publisher:	Elsevier
Subject:	EM Algorithm random effects models logistic regression credit scoring models \| commercial loans

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005314033