2019
DOI: 10.6025/jic/2019/10/1/15-33
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An Enhanced Comparative Assessment of Ensemble Learning for Credit Scoring

Abstract: One of the most important aspects of financial risk is credit risk management. Effective credit rating models are crucial for the credit institution in assessing credit applications, they have been widely studied in the field of statistics and machine learning. Given that small improvements in credit rating systems can generate significant profits, any improvement is of high interest to banks and financial institutions. The ensemble methods are a set of algorithms whose individual decisions are combined to per… Show more

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Cited by 5 publications
(3 citation statements)
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“…The sequence of work of all the base classifiers and the method for individual decision combinations are important when building an ensemble classifier. The three major ensemble models-bagging, boosting, and stacking-are presented in Figure 4 [29].…”
Section: ) Single Classifier Modelsmentioning
confidence: 99%
See 1 more Smart Citation
“…The sequence of work of all the base classifiers and the method for individual decision combinations are important when building an ensemble classifier. The three major ensemble models-bagging, boosting, and stacking-are presented in Figure 4 [29].…”
Section: ) Single Classifier Modelsmentioning
confidence: 99%
“…There are many combination strategies to construct the ensemble classifier including voting and stacking. Given the fact that ensemble classifiers outperform single classifiers, various theoretical and empirical studies recommend using ensemble classifiers as an effective model because they can improve the prediction accuracy for the following multiple reasons [28], [29]. (1) The ensemble classifier provides a handy solution by training different basic classifiers with different data partitions and then combines their outputs.…”
Section: Introductionmentioning
confidence: 99%
“…First, bagging considers a homogenous classifier in which learning occurs independently (parallel approach). Then, the results are combined using the averaging process as in the following equation E= (Σ eᵢ)/n, where E refers to the final classifier, and e indicates the base classifier (i.e., RF) [42].…”
Section: B Machine Learning 1) Single Machine Learningmentioning
confidence: 99%