Weight of Evidence Module

The purpose of the Weight of Evidence (WoE) module is to provide flexible tools to recode the values in continuous and categorical predictor variables into discrete categories automatically, and to assign to each category a unique WoE value. This recoding is conducted in a manner that produces the largest differences between the recoded groups with respect to the WoE values. In addition, other constraints are observed while the program determines solutions for the optimal binning of predictors.