About Weight of Evidence and Information Value

Weight of Evidence (WoE) is a technique commonly used in risk modeling, mostly for variable selection in logistic regression and sometimes as a predictor for models, but it may be time to consider alternative methods.

Stop obsessing about a perfect model

A perfect model is often an illusion because of the ratio effort / impact, Model Quality Decay and Prediction Window. To be pragmatic, we should focus on models that are quick to update and implement.