Facebook and Indian Elections India is going to have its 16th national elections in the middle of next year. Around 450 million* people are expected to vote in the elections. This will require a huge infrastructure just to conduct the elections. On top of this, political parties are going to shove huge amounts of cash
Modeling in Advanced Analytics The room, full of Analysts, erupts with a loud round of laughter when a young business analyst narrates to us an incident from his recent trip back home. A distant aunt inquired about his new profession. His response – I am into modeling. She got all excited and asked – is
Variables Selection in Predictive Analytics The following story goes back to the time when I just started my transition from physics to business. I met this investment banker* in his mid-thirties during a Friday night party. After gulping down a few pints of beer, his mood became a bit somber and he told me how
Credit Scorecards in the Age of Credit Crisis This incident took place at a friend’s party circa 2009, in the backdrop of the worst financial crisis the planet has seen for a long time. The average Joe on the street was aware of terms such as mortgaged-backed securities (MBS), sub-prime lending and credit crisis –
This is a continuation of the banking case study for the creation of application risk scorecards we have discussed in some previous articles. You could find the previous parts of the series at the following links (Part 1), (Part 2), (Part 3) and (Part 4). In this article, we will discuss the Population Stability Index (PSI),
Outliers “I refuse to join any club that would have me as a member.” – Groucho Marx This witty statement came from (according to me) one of the funniest men in the history of American cinema – Julius Henry Marx better known as Groucho Marx. Groucho was certainly a very unusual man and might be