The SCOR System of Off-Site Monitoring: Its Objectives, Functioning, and Performance
FDIC Banking Review Series, Vol. 15, No. 3, 2003
16 Pages Posted: 23 Feb 2006
For ease of presentation, this article discusses Type I and Type II accuracy instead of error. Type I accuracy is the percentage of actual downgrades that were identified in advance by the model. Type II accuracy is defined analogously as the percentage of identified banks that are in fact subsequently downgraded.
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