Improving the comparability of insolvency predictions

@inproceedings{Bemmann2005ImprovingTC,
  title={Improving the comparability of insolvency predictions},
  author={Martin Bemmann},
  year={2005}
}
This working paper aims at improving the comparability of forecast quality measures of insolvency prediction studies. For this purpose, in a first step commonly used accuracy measures for categorial, ordinal and cardinal insolvency predictions are presented. It will be argued, that ordinal measures are the most suitable measures for sample spanning comparisons concerning predictive power of rating models, as they are not affected by sample default rates. A method for transforming cardinal into… CONTINUE READING

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