Modeling Repayment Behavior of Consumer Loan in Portfolio across Business Cycle: A Triplet Markov Model Approach

Table 2

SSE of the full sample and three subsamples.

	SSE1	SSE2	Total SSE
	0.0106	0.0122	0.0228
	0.0157	0.0121	0.02788
	0.0107	0.0155	0.0262
	0.0157	0.0157	0.0314

Note: SSE is the sum of squared differences of true parameter values used to generate the simulated data and their estimates.