A note on performance measures for business failure prediction models

Hubert Ooghe and Christophe Spaenjers

Applied Economics Letters, 2010, vol. 17, issue 1, 67-70

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.

Date: 2010
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DOI: 10.1080/13504850701719769

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