Table 4.

Confusion matrix for coincident analysis (logistic regression)

Prediction
ExpansionContractionTotal
Panel A: Excluding the OnBid auction rate
ActualExpansion7624100
Contraction296089
Total10584189
Panel B: Including the OnBid auction rate
ActualExpansion8119100
Contraction216889
Total10287189

Notes:

This table reports results of confusion matrix for coincident analysis by using logistic regression. Note that the total number of building blocks used in multiperiod binary classification is 189 months that consist of 89 months in contraction and 100 months in expansion

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