Do you really have chance to apply each of these models in your real
projects? I was told that the industry statisticians are very conservative
in applying "fancy" models. Is what I heard right or wrong?
being conservative doesn't mean you can't build a good model.
the real art is how to apply the right tool / model to the best scenario and
still able to tell a good story, which might take some experience.
I did compare all these models off-work and then finally decided that our
team should use fractional logit in lgd model development.
