(Sometimes a PR person just hands you a blog. This one's from the "padlock manufacturer announces new design" after the horse is out of the barn collection.)
Fair Issac (FIC) announced on January 29 that its infamous FICO scoring software (as in how all those bad loans got made) now
"provide(s) up to twice the improvement in predictive power compared with previous revisions to the model."
If we had had the new FICO a few years ago, there would only be a trillion dollars of bad loans instead of two trillion.
Auto dealers are finding the new version especially important. They do not complain about some of the slower processing speeds given that they seem to have plenty of time on their hands.
Is this PR person living in the real world?
-- Dennis Byron
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