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Forecasting Is a Science.
NEW YORK -- For loss forecasting on subprime mortgages, some organizations rely too heavily on models, while others only rely on its management's intuition. The best loss forecasting comes from some sort of combination of the two, said a presenter from Deloitte & Touche during a presentation from the firm called "Subprime Consumer Finance: Know Your Blind Spots for 2007."
Niall Lynas said that a sound loss forecasting process includes such issues as pricing and underwriting; an allowance for loan and lease losses; the expected loss, calculated using the process established under Basel II; the collections workflow; a portfolio valuation; and management reporting.
But when using a model, it is important to remember that a statistical model is only as good as the data it was built on and many do not account for current conditions in the market. He gave some reasons why this ...
- Ins and Outs of Loss Forecasting: Finding the best way to predict portfolio...
- Magazine article from: Collections & Credit Risk Nowacki, Bill January 1, 2004 700+ words
...management strategies. There are several common approaches to loss forecasting - each with benefits and drawbacks. Reductions in variation...of the organization must be considered when choosing a loss forecasting methodology. Bill Nowacki is vice president for Fair Isaac...
- Blind Spots Gives Individuals a Comprehensive Set of Tools and Strategies to...
- Press release article from: M2 Presswire April 26, 2007 700+ words
...April 2007-Research and Markets: Blind Spots Gives Individuals a Comprehensive Set...COMMUNICATIONS LTD RDATE:26042007 Blind Spots Gives Individuals a Comprehensive Set...c55175) has announced the addition of "Blind Spots: Achieve Success by Seeing What You...
- 'Blind Spots' Gives Individuals a Comprehensive Set of Tools and Strategies to...
- Press release article from: Business Wire April 26, 2007 700+ words
...c55174) has announced the addition of "Blind Spots: Achieve Success by Seeing What You...See" to their offering. Praise for Blind Spots "Shelton's open and candid style...with her skilled approach to facing blind spots and moving beyond them." * Rick McNutt...
- Vision system puts eyesight in blind spots. (how the brain's visual system...
- Magazine article from: Science News Bower, Bruce April 27, 1991 700+ words
Vision system puts eyesight in blind spots The brain abhors a vision vaccum. Consider...representation of visual information surrounding blind spots -- one that automatically paints a...that the brain simply ignores visual blind spots -- and operates as if they do not exist...
- What were you thinking? Watch out for blind spots when making decisions.(PEAK...
- Magazine article from: Black Enterprise Reed-Woodard, Marcia A. January 1, 2009 700+ words
...to do with it." In her book Blind Spots: Why Smart People Do Dumb Things...Van Hecke writes that mental blind spots account for most situations people...label as stupid mistakes. "Blind spots are areas of unawareness about...
- Blind spots get blame in 59 deaths.
- Newspaper article from: St. Louis Post-Dispatch (via Knight-Ridder/Tribune News Service) December 2, 2003 700+ words
...year in accidents related to vehicle blind spots, according to a group that tracks accidents...common cause of such fatalities are the blind spots behind vehicles. The child, Chloey...Cars, said pickups have the longest blind spots of any popular vehicles _ from 30 to...
- Design, modeling and implementation of PIC based wireless control system to...
- Magazine article from: American Journal of Applied Sciences Iskandarani, Mahmoud Z. Shilbayeh, Nidal F. October 1, 2008 700+ words
...windows and mirrors. Every driver has blind spots. Even with the use of mirrors, there...from the driver's view, are called blind spots. It is more difficult for drivers to...their small size. We should remember blind spots-particularly when vehicles are reversing...
- Blind spots: warning: inventory in the mirror may not actually be in your...
- Magazine article from: Logistics Management (Highlands Ranch, Co.) Spiegel, Robert September 1, 2003 700+ words
Pier 1 Imports had a problem with "blind spots" in its supply chain. The Fort Worth...uncommon for shippers to encounter such blind spots when they seek visibility, over goods...ASNs) can help eliminate some of the blind spots that exist outside a company's four...
