Alerting to model degradation based on distribution analysis using risk tolerance ratings

A detection modeling system comprising a processing device and a memory comprising instructions which are executed by the processing device for alerting to model degradation, the detection modeling system comprising a distribution analysis module configured to:

• receive a risk tolerance rating for alerting to degradation of an analytical model;
• determine, by the processing device, a threshold value for a model metric based on the risk tolerance rating, the model metric being a measure of a parameter associated with the analytical model;
• monitor, by the processing device, the analytical model for degradation using the threshold value for the model metric and model metric values;
• and
• alerting, by the processing device, to model degradation of the analytical model based on the monitoring of the analytical model.

A computer program product comprising a non-transitory computer readable storage medium having stored therein instructions of one or more software programs that when executed by a processor performs a method comprising:

• receiving a risk tolerance rating for alerting to degradation of an analytical model;
• determining, by a processing device, a threshold value for a model metric based on the risk tolerance rating, the model metric being a measure of a parameter associated with the analytical model;
• monitoring, by the processing device, the analytical model for degradation using the threshold value for the model metric and model metric values;
• and
• alerting, by the processing device, to model degradation of the analytical model based on the monitoring of the analytical model.