A note on performance measures for business failure prediction models
Ooghe, Hubert Spaenjers, Christophe
Ooghe, Hubert
Spaenjers, Christophe
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Journal article with impact factor
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Publication Year
2010-01
Journal
Applied Economics Letters
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Publication Volume
17
Publication Issue
1
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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
3502 Banking, Finance and Investment, 35 Commerce, Management, Tourism and Services