It is based on more than 22, 000 financial statements (including those of businesses and their owners) from over 6, 600 businesses distributed across industries and sales ranges in the U.S. The predictivemodel is aimed at helping banks quantify and standardize their credit risk assessments, helping companies perform risk exposure due diligence on partner companies, and helping private businesses evaluate their own creditworthiness.
Retailers also continue to experience a higher average probability of default, based on the Sageworks probability of default model, a predictive statistical model for the credit analysis of small or privately held companies.
In police work, the county already has a sophisticated crime data warehouse it developed with IBM, said Petisco, and the IT group is building an analytical model and working on predictive analytics both for crime and for transportation.