Transform the histogram using Weight of Evidence (WoE)

Post date: Jul 25, 2013 12:59:05 AM

I found that risk management uses WoE heavilly. For me, I think WoE is very similar to mutual information, but computationally simpler. Here is a very concise link:

https://alpine.atlassian.net/wiki/display/DOC/Weight+of+Evidence

This is a great short doc:

http://documentation.statsoft.com/portals/0/formula%20guide/Weight%20of%20Evidence%20Formula%20Guide.pdf