To WoE or Not to WoE?

Discussion created by nshikaloff@fico.com on Apr 2, 2015

Great discussion about weight of evidence initiated by Charles Ie of US Bank in Linked In's Credit Scoring Forum.  If you're not a member already, .join by clicking on this Credit Scoring Forum link.


WoE vs. Binary Binnings

Charles Ie Risk Manager - Wholesale Modeling & Analytics at U.S. Bank Top Contributor

Does anyone have any insights the pros and cons of using Woe vs. Binary Binnings when running the logistic regression? It seems like WoE is a more standard way, why would one want to use Binary Binnings? Thanks