{"id":99,"date":"2009-05-18T22:06:41","date_gmt":"2009-05-19T03:06:41","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/jjjj\/?p=99"},"modified":"2009-05-18T22:06:41","modified_gmt":"2009-05-19T03:06:41","slug":"making-predictions-using-credit-card-data","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/jjjj\/2009\/05\/18\/making-predictions-using-credit-card-data\/","title":{"rendered":"Making predictions using credit card data"},"content":{"rendered":"<p>The biggest surprise to me in <a href=\"http:\/\/www.nytimes.com\/2009\/05\/17\/magazine\/17credit-t.html?_r=1&amp;ref=magazine&amp;pagewanted=all\">this article<\/a> in Sunday&#8217;s <em>Times<\/em>, about how lenders use meticulous information about purchasing patterns to forecast default, is that the article treats this as a surprise.\u00a0 Data on what we do is valuable to firms, and we should all expect that much of that data is being used for individual-level forecasting.<\/p>\n<p>But I was also interested that I could find only <a href=\"http:\/\/books.google.com\/books?id=QpCuPMoxvooC&amp;q=canadian+tire#search_anchor\">this one source<\/a> online (unrelated to the <em>Times<\/em> article) that discusses what Martin did at Canadian Tire, and it and the <em>Times<\/em> article are comparably vague.\u00a0 I&#8217;d be curious for other sources and technical details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest surprise to me in this article in Sunday&#8217;s Times, about how lenders use meticulous information about purchasing patterns to forecast default, is that the article treats this as a surprise.\u00a0 Data on what we do is valuable to firms, and we should all expect that much of that data is being used for [&hellip;]<\/p>\n","protected":false},"author":283,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[415],"tags":[],"class_list":["post-99","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/posts\/99","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/users\/283"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/comments?post=99"}],"version-history":[{"count":2,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/posts\/99\/revisions"}],"predecessor-version":[{"id":101,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/posts\/99\/revisions\/101"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/media?parent=99"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/categories?post=99"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jjjj\/wp-json\/wp\/v2\/tags?post=99"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}