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A Comparison of the Discrimination of Business Failure Prediction Models  

최태성 (인하대학교 경영학부)
김형기 (인하대학교 경영연구소 책임연구원)
김성호 (한국철도기술연구원)
Publication Information
Journal of the Korean Operations Research and Management Science Society / v.27, no.2, 2002 , pp. 1-13 More about this Journal
Abstract
In this paper, we compares the business failure prediction accuracy among Linear Programming Discriminant Analysis(LPDA) model, Multivariate Discriminant Analysis (MDA) model and logit analysis model. The Data for 417 companies analyzed were gathered from KIS-FAS Published by Korea Information Service in 1999. The result of comparison for four time horizons shows that LPDA Is advantageous in prediction accuracy over the other two models when over all tilt ratio and business failure accuracy are considered simultaneously.
Keywords
Linear Programming Discriminant Analysis(LPDA); Multivariate Discriminant Analysis (MDA); logit analysis; business failure; prediction accuracy;
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