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Identifying nascent high-growth firms using machine learning / by Stephanie Houle and Ryan Macdonald.FB3-5/2023-53E-PDF

"We explore the use of supervised machine learning techniques to identify a population of nascent high-growth firms using Canadian administrative firm-level data. We apply a suite of supervised machine learning algorithms (elastic net model, random forest and neural net) to determine whether a large set of variables on Canadian firm tax filing financial and employment data, state variables (e.g., industry, geography) and indicators of firm complexity (e.g., multiple industrial activities, foreign ownership) can predict which firms will be high-growth firms over the next three years"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.929015&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleIdentifying nascent high-growth firms using machine learning / by Stephanie Houle and Ryan Macdonald.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-53
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: October 16, 2023."
  • Cover title.
  • Includes bibliographical references (pages 29-31).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2023.
  • ©2023
Author / Contributor
  • Houle, Stéphanie,1973- author.
Description1 online resource (ii, 31 pages) : charts.
Catalogue number
  • FB3-5/2023-53E-PDF
Subject terms
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