To develop the formulas, the decision tree approach together with the nonlinear regression provided by SPSS was used as a novel procedure.
Mr. Krebaum developed the formula while working on "scrubbing gas streams in the lab so they would not go up the hood and annoy people," he said.
Anything beyond the mid-700s is pretty much gravy to lenders, according to Craig Watts, public affairs manager for the Fair Isaac Corporation, which developed the formula.
"The idea behind the credit scoring formula is that it rewards you for successful management of credit," said Craig Watts, a spokesman for Fair, Isaac & Company, a San Rafael, Calif., concern that developed the formula used to calculate credit scores.
This is the same region that experienced the first cocaine boom in the 19th century, after German chemists developed the formula for making cocaine from the coca leaf, feeding a legal trade in the United States and Europe.
The City delegation tasked with developing the formula for the proposal visited training centers in nine countries as part of its research, including trips to the Nike campus in Oregon, and to the training facilities of the Los Angeles Lakers, the Giants, Borussia Dortmund and Real Madrid.
Euler also developed the formula (24).
As with any technique that attempts to outwit the overall market, a track record of success is helpful to demonstrate skill (in this case the skill lies in developing the formula) going back at least a decade.
Adidas' Frank Henke, global director of social and environmental affairs, says that it is essential for the companies buying these chemicals to be able to rely on the expertise of those developing the formulas.
MM designed the study, collected the data, developed the formulas, performed the analyses and wrote the first draft of the manuscript.
