Binning & Quantile Buckets: Tenure Bands, Income Quartiles & Default Rates (with a Chart)
This lesson is part of the course
In this lesson
You cut years-in-job into fixed bands with an approximate LOOKUP, cut income into quartile buckets, compute the default rate per band and chart it.
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Lessons in this course
- Missing Values: Data Types, Missing Flags & Mean, Median and Group Imputation Locked
- Encoding Categories: One-Hot Dummies, Count Encoding & Ordinal Ranks Locked
- Scaling: Min-Max, z-Score & Robust Scaling with Quartiles Locked
- Binning & Quantile Buckets: Tenure Bands, Income Quartiles & Default Rates (with a Chart) Locked
- Log Transforms & Outlier Capping (Winsorising at the 5th/95th Percentile) Locked
- Ratio & Interaction Features: Loan-to-Income, DTI and LTI × Self-Employed Locked
- Target Encoding with Smoothing & Why Leakage Happens (Train/Test Split) Locked
- Feature Importance Screen: Correlation with the Target & a Univariate AUC (with a Chart) Locked