Calculates Weight of Evidence (WOE) and Information Value (IV) between a
single predictor and a single outcome variable. This function implements the
common Information Value calculations whilst maintaining the minimum reliance
on external dependencies. Use map_IV()
for the equivalent of
Information::create_infotables()
, which performs calculations for multiple
predictors and a single outcome variable.
calculate_IV(data, outcome, predictor, bins)
A data frame is returned as an output.
Data frame containing the data.
String containing the name of the outcome variable.
String containing the name of the predictor variable.
Numeric value representing the number of bins to use.
The approach used mirrors the one used in Information::create_infotables()
.