Model Selection for Financial Distress Prediction by Aggregating TOPSIS and PROMETHEE Rankings
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/146066
comunitat-uji-handle4:
INVESTIGACIONMetadata
Title
Model Selection for Financial Distress Prediction by Aggregating TOPSIS and PROMETHEE RankingsAuthor (s)
Date
2016Publisher
Springer International PublishingISBN
978-3-319-32033-5; 978-3-319-32034-2ISSN
0302-9743; 1611-3349Type
info:eu-repo/semantics/bookPartPublisher version
http://link.springer.com/chapter/10.1007%2F978-3-319-32034-2_44Subject
Abstract
Many models have been explored for financial distress prediction, but no consistent conclusions have been drawn on which method shows the best behavior when different performance evaluation measures are employed. ... [+]
Many models have been explored for financial distress prediction, but no consistent conclusions have been drawn on which method shows the best behavior when different performance evaluation measures are employed. Accordingly, this paper proposes the integration of the ranking scores given by two popular multiple-criteria decision-making tools as an important step to help decision makers in selecting the model(s) properly. Selection of the most appropriate prediction method is here shaped as a multiple-criteria decision-making problem that involves a number of performance measures (criteria) and a set of techniques (alternatives). An empirical study is carried out to assess the performance of ten algorithms over six real-life bankruptcy and credit risk databases. The results reveal that the use of a unique performance measure often leads to contradictory conclusions, while the multiple-criteria decision-making techniques may yield a more reliable analysis. Besides, these allow the decision makers to weight the relevance of the individual performance metrics as a function of each particular problem. [-]
Description
Ponencia presentada al 11th International Conference, HAIS 2016, Seville, Spain, April 18-20, 2016
Is part of
F. Martínez-Ávarez et al. (Eds.): Hybrid Artificial Intelligent Systems 2016, LNAI 9648, pp. 524–535, 2016.Rights
©Springer International Publishing Switzerland 2016
© Springer International Publishing AG, Part of Springer Science+Business Media "The final publication is available at Springer via http://dx.doi.org/10.1007/978-3-319-32034-2_44 "
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info:eu-repo/semantics/openAccess
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