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A Comparison Of Logistic Regression, Artificial Neural Networks And Moora Methods In Estimation Of The Safety Of Countries

Author

Listed:
  • Özlem DENÄ°Z BAÅžAR

    (Ä°stanbul Ticaret University)

  • Elif GÃœNEREN GENÇ

    (Ä°stanbul Ticaret University)

Abstract

In recent years, because of the developments in software and hardware technology, the datasets used in research have expanded, and with the effects of artificial intelligence technologies, the models used in forecasts have enabled to obtain results with broader meanings. In this study, using the crime index calculated to reveal the crime rates in the countries every year, the safety positions of the 106 countries was estimated. For this purpose, logistic regression analysis, artificial neural networks and MOORA method, which is one of the multi-criteriadecisionmakingmethods and also not a classification method, has been used to provide a different point of view. As a result of the study, it is determined that the correct classification rate of estimations made according to the safety of countries with artificial neural networks method is higher than other methods.

Suggested Citation

  • Özlem DENÄ°Z BAÅžAR & Elif GÃœNEREN GENÇ, 2020. "A Comparison Of Logistic Regression, Artificial Neural Networks And Moora Methods In Estimation Of The Safety Of Countries," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 7(2), pages .123-134, April.
    • Handle: RePEc:jle:journl:v:7:y:2020:i:2:p:123-134
    DOI: 10.15637/jlecon.7.008
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    More about this item

    Keywords

    Artificial Neural Network; Logistic Regression Analysis; MOORA; Safety; Classification;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

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