Select Collections, Inc

6 Pages Posted: 21 Oct 2008

See all articles by Phillip E. Pfeifer

Phillip E. Pfeifer

University of Virginia - Darden School of Business

Thomas Pomroy

affiliation not provided to SSRN

William Scherer

IEEE Intelligent Transportation Systems Society

Abstract

Select Collections sounds like the name of a fancy dress shop. Actually, in this case, it's a collection agency whose credit manager has asked a summer intern to apply her knowledge of regression analysis to forecast the amount the company will collect from 3,570 delinquent accounts. The intern must submit her forecasts in a contest with other interns to see whose model works the best. The case provides students with a modeling experience on a large data set. Instructors can form student teams and conduct their own forecasting contests.

Excerpt

UVA-QA-0584

Rev. April 23, 2009

SELECT COLLECTIONS, INC.

Marissa Wells, manager of collections for Select Collections, Inc., called in Marcos Kilduff, a summer intern, to describe an assignment:

I want to see if we can build a model to predict how much money we will collect from delinquent accounts. Such a model would prove very useful in deciding which accounts to purchase and how much to pay.

You learned regression during your first year, didn't you? Well, see what you can do for us. There are 3,570 accounts in a data set that I will call the training set. We purchased these accounts and then collected the amount shown in the last column, labeled totalpay. Totalpay is the variable of interest. I want you to come up with a way to forecast totalpay.

. . .

Keywords: financial services, foorecasting, regression analysis

Suggested Citation

Pfeifer, Phillip E. and Pomroy, Thomas and Scherer, William, Select Collections, Inc. Darden Case No. UVA-QA-0584. Available at SSRN: https://ssrn.com/abstract=912015

Phillip E. Pfeifer (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4803 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/Pfeifer.htm

Thomas Pomroy

affiliation not provided to SSRN

No Address Available

William Scherer

IEEE Intelligent Transportation Systems Society

United States

Register to save articles to
your library

Register

Paper statistics

Downloads
135
Abstract Views
898
rank
219,692
PlumX Metrics