Construction of Credit Evaluation Index System for Two-Stage Bayesian Discrimination: An Empirical Analysis of Small Chinese Enterprises

Table 8

Three simple cross-validation results.

(1) Simple cross-validation	(2) Index screening model	(3) Accuracy of high default samples (%)	(4) Accuracy of low default samples (%)	(5) Accuracy of all samples (%)
First simple cross-validation	Two-stage nonparametric model	100.00	100.00	100.00
	Two-stage parametric model	88.89	40.00	64.45
	Two-stage logistic regression model	75.61	56.25	65.93
The second simple cross-validation	Two-stage nonparametric model	100.00	83.33	91.67
	Two-stage parametric model	62.50	50.00	56.25
	Two-stage logistic regression model	75.00	83.33	79.17
Third simple cross-validation	Two-stage nonparametric model	100.00	100.00	100.00
	Two-stage parametric model	57.14	42.86	50.00
	Two-stage logistic regression model	85.71	71.43	78.57
The average	Two-stage nonparametric model	100.00	94.44	97.22
	Two-stage parametric model	69.51	44.29	56.90
	Two-stage logistic regression model	78.77	70.34	74.56