Contribution of Statistical Pattern Recognition Methods in Search of Competitiveness Factors of Czech Companies Cover Image

Přínos učících se metod statistického rozpoznávání obrazů při hledání faktorů konkurenceschopnosti českých podniků
Contribution of Statistical Pattern Recognition Methods in Search of Competitiveness Factors of Czech Companies

Author(s): Ondřej Částek, Jiří Špalek
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: corporate competitiveness; statistical pattern recognition; factors of competitiveness; sequential forward flow search

Summary/Abstract: The submitted paper concentrates on the methodical aspects of measuring the relationship between potential competitiveness factors and the corporate com-petitiveness. We employ methods of statistical pattern recognition, particularly the sequential forward flow search algorithm (SFFS). The algorithm is applied on data from 432 companies. For these companies there was known their finan-cial performance and there was up to 683 (each company) potential factors of this performance in our database. The text therefore summarizes the known approaches, describes the SFFS algorithm and proves its contribution to this field of research. An undeniable advantage of this method is its low demands on data: it does not require the normality or an a priori model. Also, it is able to evaluate relationships among many variables at once in acceptable time frame. The article presents the drawbacks of this method as well.

  • Issue Year: 58/2010
  • Issue No: 09
  • Page Range: 922-937
  • Page Count: 16
  • Language: Czech