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 |
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