A note on performance measures for business failure prediction models
Ooghe, Hubert Spaenjers, Christophe
Ooghe, Hubert
Spaenjers, Christophe
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2010
Journal
Applied Economics Letters
Book
Publication Volume
17
Publication Issue
1
Publication Begin page
67
Publication End page
70
Publication NUmber of pages
4
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Abstract
This note briefly describes three performance measures that can be used in business failure prediction models: the unweighted error rate (UER), D-max and the Gini-coefficient. The use of these measures (and the mathematical relationship between them) is illustrated with numerical examples. We hope that this note may help the reader to better understand (and possibly use) these classification criteria.
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Keywords
Corporate Finance