Quantitative Modeling Lifecycle
Build a Useful Model
Total: 30 – 48 weeks
2 – 4 weeks
Business Understanding
- Project Objectives
- Business Expectations
4 – 6 weeks
Data Collection & Understanding
- Exploratory Data Analysis
- Business Senses
2 – 4 weeks
Data Preparation
- Feature Engineering
- Feature Selection
4 – 6 weeks
Modeling
- Classification
- Regression
2 – 4 weeks
Evaluation
- Performance Evaluation
- Algorithm Selection
2 – 4 weeks
Testing & Overlay
- Interpretability
- Robustness
6 – 8 weeks
Deployment & Training
- Reproducibility
- User Interface Design
6 – 8 weeks
Validation & Monitoring
- Model Risk Team
- Periodic Reviews
2 – 4 weeks
Document Everything