Research Article

Forecasting Latin America’s Country Risk Scores by Means of a Dynamic Diffusion Model

Table 1

Clustering obtained by non-hierarchical clustering technique.

Country name Cluster Country name Cluster

1 Chile

1

8 Honduras 3
9 Ecuador 3
10 Nicaragua 3
11 Dominican Republic 3
12 Trinidad and Tobago 3

2 Brazil 2 13 Costa Rica 4
3 Mexico 2 14 Paraguay 4
4 Peru 2 15 El Salvador 4
5 Colombia 2 16 Argentina 4
6 Uruguay 2 17 Bolivia 4
7 Panama 2 18 Venezuela 4