Purpose – The purpose of this paper is to examine two different approaches in the prediction of the economic recession periods in the US economy. Design/methodology/approach – A logit regression was applied and the prediction performance in two out‐of‐sample periods, 2007‐2009 and 2010...

Purpose – The purpose of this paper is to examine two different approaches in the prediction of the economic recession periods in the US economy. Design/methodology/approach – A logit regression was applied and the prediction performance in two out-of-sample periods, 2007-2009 and 2010 was...