You were replying to a comment that said "a binary score is still a score"
The comment you appear to be arguing with, is completely true. A binary score is of course a score, and in fact that's almost always how credit and trust scores are actually perceived.
From the company's perspective many scores are continuous, but from the consumers perspective that's mostly a distinction without a difference.
Usually from the consumer side you're being told you got the job or didn't, or got the credit card, or loan, or apartment, or didn't.
I never said it wasn't a score, my issue was the implications that, both being scores, they were somehow equivalent. They are not. A continuous score may be used with a threshold to perform the binary categorization. In fact that is all but guaranteed. But the continuous score, as I stated, has more possibilities for nuanced use. The binary score is derived from something continuous.
And you aren't usually told you got the loan or not. That is one possibility, but the more likely one is the continuous score of the credit rating translates into a continuous score for the interest rate. This is why the distinction between a binary and continuous score is important: t
This continuous assignment of interest rate isn't possible with a single binary variable.
The comment you appear to be arguing with, is completely true. A binary score is of course a score, and in fact that's almost always how credit and trust scores are actually perceived.
From the company's perspective many scores are continuous, but from the consumers perspective that's mostly a distinction without a difference.
Usually from the consumer side you're being told you got the job or didn't, or got the credit card, or loan, or apartment, or didn't.