Patent ID: 8214308

Claim:
A computer-implemented method of assessing a predictive model, comprising: accessing, using one or more data processors, a predictive model for scoring transactional data and data associated with a time period; generating, using the one or more data processors, one or more predictions using the predictive model and the data; calculating, using the one or more data processors, a baseline performance metric for the predictive model based upon the predictions; accessing, using the one or more data processors, new data associated with a new time period that is later than the time period; generating, using the one or more data processors, one or more new data predictions using the predictive model and the new data; calculating, using the one or more data processors, an updated performance metric for the predictive model based upon the new data predictions; comparing, using the one or more data processors, the baseline performance metric and the updated performance metric to determine an indication of predictive ability decay for the predictive model; and performing, using the one or more data processors, a corrective action for the predictive model when the indication of predictive ability decay reaches a threshold.