Results (
Thai) 1:
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The model is extremely accurate in classifying 95 per cent of the total samplecorrectly. The Type I error proved to be only 6 per cent, while the Type IIerror was even better at 3 per cent. The results, therefore, are encouraging,but the obvious upward bias should be kept in mind and further validationtechniques are appropriate.(2) Results Two Years Prior to Bankruptcy. The second test is made toobserve the discriminating ability of the model for firms using data from two
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