Rule-based computerized applications of artificial intelligence to credit decision making are known as:

Question

Quizplus · Accepted Answer

Expert systems are designed to make decisions based on a set of pre-defined rules and algorithms. In the case of credit decision making, an expert system would use these rules to analyze the applicant's financial history and credit score to determine whether they should be approved or declined for credit. Just-in-time and portfolio analysis systems may be used in other areas of business, but are not directly related to credit decision making. Credit extension systems may be a type of expert system, but this answer is more specific and directly related to the question.

Rule-Based Computerized Applications of Artificial Intelligence to Credit Decision Making