type-1 error


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type-1 error

An error made when a null hypothesis is rejected but is actually true.
References in periodicals archive ?
In this case, a type-1 error occurs when the model incorrectly classifies a downgraded bank, and a type-2 error occurs when the model misclassifies a bank that is not down-graded.
Hence, the type-1 error rate for the UBSS is slightly less than that of FIMS, but the type-2 error rate is much greater than that of FIMS.
As before, the plot for FIMS lies below and to the left of that for the UBSS for all values, demonstrating that, for any level of type-2 error, type-1 error is lower for FIMS than for the UBSS.