Machine Learning in Credit Risk Modeling

This lecture explores the challenges, lessons, and opportunities of using machine learning in credit risk modeling, focusing on the impact of the coronavirus on UK firms, the role of machine learning in credit risk assessment, and the comparison between traditional statistical models and machine learning methods. It delves into the application of machine learning techniques to predict default risk, the performance of the Moody's Analytics RiskCalc model, and the overfitting issues that can arise in machine learning algorithms.