Risk Modeling System

  • US 20120072247A1
  • Filed: 11/28/2011
  • Published: 03/22/2012
  • Est. Priority Date: 07/01/2005
  • Status: Abandoned Application
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First Claim
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1. A computerized modeling system that operates on an initial data collection which includes risk factors and outcomes, comprising:

  • data storage for a plurality of risk factors and outcomes that are associated with the risk factors;

    a library of algorithms operable to test variable interactions between the risk factors and results to confirm statistical validity of the associations;

    optimization logic that forms an ensemble as a combination of the algorithms operating on model components selected from the group consisting of data, fitness functions, relationships, predefined rules and combinations thereof, and relates the respective parts of the ensemble to establish data flow as needed between the respective parts of the ensemble;

    the optimization logic iterating to modify the ensemble by selecting alternative parts to form a plurality of such ensembles, test the ensembles for fitness, and select the best ensemble for use as a production model; and

    means for interacting with the production risk model to perform business operations using the production risk model as a predictive tool.

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