An out-of-sample framework for TOPSIS-based classifiers with application in bankruptcy prediction
Abstract
Since the publication of the seminal paper by Hwang and Yoon (1981) proposing Technique for Order Performance by the Similarity to Ideal Solution (TOPSIS), a substantial number of papers used this technique in a variety of applications requiring a ranking of alternatives. Very few papers use TOPSIS as a classifier (e.g. Wu and Olson, 2006; Abd-El Fattah et al., 2013) and report a good performance as in-sample classifiers. However, in practice,...
Paper Details
Title
An out-of-sample framework for TOPSIS-based classifiers with application in bankruptcy prediction
Published Date
Jun 1, 2018
Volume
131
Pages
111 - 116
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