with a better browsing experience; allow us to assess, monitor, and improve the website’s
performance; and enable our partners to advertise to you. You may disable the cookies by changing
the settings in your browser, and you may tell us not to share your cookie data with third parties.
The FICO® Economic Impact Service addresses today’s growing concern that risk prediction modelling should account for economic cyclical changes, a viewpoint reflected within Basel II modelling requirements. Economic Impact Service helps organisations comply with Basel’s Advanced Internal Ratings Based Approach in three ways: Calculating Long-Run Estimates of Probability of Default over an economic cycle; Stress Testing of models under suppositional economic conditions; Supporting Use Tests with economic impact analytics incorporated in data-driven strategy development, decision modelling and optimisation.