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Record W4393344974 · doi:10.1111/exsy.13599

Bankruptcy prediction using optimal ensemble models under balanced and imbalanced data

2024· article· en· W4393344974 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
fundA Canadian funder is recorded on the work.

Bibliographic record

VenueExpert Systems · 2024
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicFinancial Distress and Bankruptcy Prediction
Canadian institutionsConcordia University
FundersSocial Sciences and Humanities Research Council of Canada
KeywordsBankruptcy predictionEnsemble forecastingArtificial intelligenceComputer scienceBankruptcyMachine learningPredictive modellingData miningEconomicsFinance

Abstract

fetched live from OpenAlex

Abstract This study explores the performance of gradient boosting methods in bankruptcy prediction for a highly imbalanced dataset. We developed different heterogenous ensemble models based on three popular gradient boosting methods—XGBoost, LightGBM, and CatBoost. Our ensemble models were optimized using the cross‐validation method and the results of the hold‐out test sets showed that the optimized ensemble models not only outperform their base learners, but also improve the state‐of‐the‐art benchmark results on the same dataset. Interestingly, we observed that the data oversampling technique that is commonly used to address the class imbalance issue had an adverse impact on our ensemble models' performance. This indicates that our models are robust to the imbalanced dataset problem that typically degrades the classification performance of machine learning models.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.769
Threshold uncertainty score0.815

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.003
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.064
GPT teacher head0.273
Teacher spread0.209 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it