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
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Supervisor
Publication Year
2008
Journal
Applied Economics Letters
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Publication Issue
april
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Publication End page
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