Bilal Yurdakul is a Senior Quantitative Risk Analyst in Enterprise Risk Management and Analytics at USAA. His work involves statistical modeling on various insurance and banking products. He has M.S. degrees in Mathematics and Statistics from Michigan State University and received his Ph.D. in 2018 from Western Michigan University under the advisory of Professor Joshua Naranjo.
This paper aims to fill a gap in the literature by providing statistical properties of the population stability index (PSI) and some recommendations on its use.