Continuous variable

Continuous variables are numeric values that can take any point within a given range. They provide a precise way to measure quantitative attributes in a dataset.

Example

For illustration, a lender might group monthly income into bins such as below $2,000, $2,000 to $4,000, and above $4,000 when building a credit scorecard. Each bin contains a range of values from the continuous income variable.

Decisimo’s free weight of evidence and information value calculator calculates both per bin from goods and bads counts, or bins an uploaded file itself.