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Course Description
This course takes a practical look at some statistical approaches that can improve decision making.
Initially we discuss the process of ensuring the right questions are asked and right analysis is performed. Throughout we view the statistical tests and approaches as tools to an end rather than ends in themselves.
Real life examples help show how the statistics are used and when to use which one.
By the end of the course, participants will have a practical understanding of the most common analytical and problem solving techniques to effectively tackle business problems and provide actionable solutions based on data.
Course Contents
• What is analysis and the analysis process flow
• The risk and reward trade-off and cut-off strategies
• Predictions and statistical errors
• Testing Results for Significance
• Designing simple tests
• Regression and Correlation
• Analysing Components
• Dealing with Small Samples
• Discrete Data Analysis: chi-square and information value
• Ranked Data Analysis: K-S test and Gini coefficient
Who should attend?
This course has been designed to appeal to anyone working in consumer credit - particularly people who have to produce analysis or make decisions.
Delivery and Simulation Game
The course is structured with lecture modules and, for the class-based course, a business game.
The game is Backlog! Teams are required to make decisions about a new business department.
They need to forecast volumes of applications and staff requirements. They test mailing and underwriting strategies and have to use the trade-off analysis learnt in module 2 to optimise fraud investigation and cut-off decisions. It creates a fun environment to put things into practice whilst interacting with people from other companies.
Prerequisites
No prior knowledge or experience of Consumer Credit Risk is required.
Course Text and Material
Notes and additional material will be provided as part of the course fee.
No purchase of a text book is required.
Booking and Price
You can attend the course as in-class delivery at one of our selected venues or choose our online solution to best suit your availability.
Online course:
Dates are flexible and dependent on number of participants. Please send us your enquiry now.
Price is £495.00 + VAT per participant.
Full details of the course agenda will be made available upon registration.
NOTE:
In order to enroll for this course you must first register a free account and log in. |
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