METHOD AND SYSTEM FOR IMPLEMENTING CATEGORICALLY ORGANIZED RELATIONSHIP EFFECTS

According to an embodiment of the present invention, a computer implemented method and system for developing variables for model generation comprises: initiating, via an input to a computer, creation of a new variable for a dataset for model generation; extracting, by the computer, data relevant to the variable from one or more data sources; processing, by the computer, the extracted data to automatically generate an input variable; displaying, via a user interactive interface, the processed data relative to a target variable; modifying, via the user interactive interface, one or more parameters that define the input variable; executing, by the computer, the input variable by extracting code that captures the processing step to generate the input variable; and storing, in a database, the extracted code for the input variable.