Note on optimal predictors of binary response
In a recent Economics Letters article, Terza [Terza, J.V., 2006. Optimal Discrete Prediction in Parametric Binary Response Models. Economics Letters 91, 72–75] shows that the optimal threshold is 1/2 for binary-response prediction under symmetric loss. We show that Terza's result is in fact a s...
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| Veröffentlicht in: | Economics letters 2007-09, Vol.96 (3), p.307-308 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | In a recent Economics Letters article, Terza [Terza, J.V., 2006. Optimal Discrete Prediction in Parametric Binary Response Models. Economics Letters 91, 72–75] shows that the optimal threshold is 1/2 for binary-response prediction under symmetric loss. We show that Terza's result is in fact a special case of a more general and simpler result by Manski and Thompson [Manski, C.F., Thompson, T.S., 1989. Estimation of Best Predictors of Binary Response. Journal of Econometrics 40, 97–123]. |
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| ISSN: | 0165-1765 1873-7374 |
| DOI: | 10.1016/j.econlet.2007.01.019 |