Credit Scoring Using Machine Learning – Complete Phd and Masters Thesis

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Introduction

Credit scoring is a crucial aspect of financial institutions as it helps them assess the creditworthiness of potential borrowers. Traditionally, credit scoring has been based on statistical models that analyze historical data such as payment history, credit utilization, and credit history. However, with the advancements in technology, machine learning algorithms have emerged as a powerful tool for credit scoring.

Machine learning techniques have the potential to improve the accuracy and efficiency of credit scoring models by analyzing large volumes of data and identifying complex patterns that may not be captured by traditional statistical models. This thesis aims to explore the use of machine learning algorithms in credit scoring and evaluate their effectiveness in predicting credit risk.

Chapter 1

1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review

2.1 Traditional credit scoring models
2.2 Machine learning algorithms in credit scoring
2.3 Comparison of traditional and machine learning credit scoring models
2.4 Challenges in credit scoring using machine learning
2.5 Previous studies on credit scoring using machine learning
2.6 Interpretability and transparency in machine learning credit scoring models
2.7 Ethical considerations in credit scoring using machine learning
2.8 Regulatory frameworks for credit scoring using machine learning
2.9 Future trends in credit scoring using machine learning
2.10 Gaps in the literature

Chapter 3: Research Methodology

3.1 Research design
3.2 Data collection
3.3 Data preprocessing
3.4 Feature selection
3.5 Model selection
3.6 Model training
3.7 Model evaluation
3.8 Performance metrics
3.9 Ethical considerations in research
3.10 Limitations and challenges in research methodology

Chapter 4: Discussion of Findings

4.1 Descriptive analysis of data
4.2 Performance comparison of traditional and machine learning credit scoring models
4.3 Interpretation of machine learning credit scoring models
4.4 Impact of feature selection on model performance
4.5 Ethical implications of using machine learning in credit scoring
4.6 Regulatory compliance of machine learning credit scoring models
4.7 Practical implications for financial institutions
4.8 Recommendations for future research

Chapter 5: Conclusion and Summary

5.1 Summary of findings
5.2 Contributions to the field of credit scoring
5.3 Implications for theory and practice
5.4 Limitations of the study
5.5 Recommendations for future research

Thesis Overview on Credit Scoring Using Machine Learning

The purpose of this thesis is to investigate the use of machine learning algorithms in credit scoring and evaluate their effectiveness in predicting credit risk. The study will begin with an introduction to credit scoring and the role of machine learning in improving traditional credit scoring models. The literature review will explore the current state of credit scoring using machine learning, comparing it to traditional models and identifying gaps in the literature. The research methodology will outline the data collection, preprocessing, model selection, and evaluation process, while the discussion of findings will present the results of the study and their implications for financial institutions. Finally, the conclusion and summary will summarize the key findings, contributions, limitations, and recommendations for future research in the field of credit scoring using machine learning.

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