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Multi-model (Fusion) Systems

In: Credit Scoring, Response Modeling, and Insurance Rating

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  • Steven Finlay

Abstract

As discussed in previous chapters, different models, taking different forms and constructed using different techniques, tend to display very similar performance when used to predict a wide range of consumer behaviors. However, sometimes (but not always) better forecasts can be achieved by constructing a suite of models and then combining the model scores together in some way. The terminology used to describe multi-model systems is diverse and many different terms are used to describe such systems. This includes: model ensembles, fusion systems, model combination and mixture of experts.

Suggested Citation

  • Steven Finlay, 2012. "Multi-model (Fusion) Systems," Palgrave Macmillan Books, in: Credit Scoring, Response Modeling, and Insurance Rating, edition 0, chapter 11, pages 264-272, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03169-3_11
    DOI: 10.1057/9781137031693_11
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