Changing category weightings is step 4 in the process of creating a new risk model. The previous steps you need to have completed are:
1. Creating a risk model
2. Adding category attributes
3. Setting category thresholds
The overall risk score for a customer is calculated by multiplying each category score by its weighting, and then adding them all together. The default weighting for all categories is 1, which makes the overall risk score a simple sum of all the category risk scores.
However, you can weight any of the categories so it contributes more or less to the overall risk score. Consider carefully before doing this, as weightings will affect the overall thresholds you set in your risk model, and therefore which overall risk level is assigned to the customer. Find out more in How are risk scores calculated.
- To change category weightings from the default, click Edit within the Category weighting box.
- Enter the new weighting value for each category you want to change.
- Click Confirm to return to the new risk model screen and see your amended weightings.
See Setting overall risk level thresholds for the next step of the pricess to create a risk model.