Lateness migration model

US8527403B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Yanghong Shao · Charlotte, US
• Debashis Ghosh · Charlotte, US
• Thayer Allison · Charlotte, US
• Mark V. Krein · Charlotte, US
• David Joa · Irvine, US
• Kurt D. Newman · Matthews, US
• Timothy J. Bendel · Charlotte, US
• Sudeshna Banerjee · Waxhaw, US

Key dates

• Filing date: Jan 22, 2010
• Grant date: Sep 3, 2013
• Expiry date: Jul 13, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In general, embodiments of the invention relate to systems, methods, and computer program products for predicting population migration and analyzing migration-affecting programs. For example, an apparatus is provided having a memory device with population information and a plurality of migration factors stored therein. The population information includes information about population distribution across a plurality of classifications. Each of the plurality of migration factors corresponds to a particular classification of the plurality of classifications and indicates how population members of the particular classification migrate to other classifications over a particular time period. The apparatus also includes a processor communicably coupled to the memory device and configured to use the migration factors and the population information to forecast changes in the population distribution across each of the plurality of classifications over multiple time periods. In one embodiment, the systems, methods, and computer program products are configured to predict lateness characteristics of a lending portfolio.