This article proposes an intuitive approach for predictive discriminant analysis with mixed continuous, dichotomous, and ordered categorical variables that are defined via an underlying multivariate normal distribution with a threshold specification. The classification rule is based on the comparison of the observed data logarithm probability…

Three estimates of the probabilities of correct classification in predictive discriminant analysis were computed using mathematical formulas, resubstitution, and external analyses: (1) optimal hit rate; (2) actual hit rate; and (3) expected actual hit rate. Methods were compared using Monte Carlo sampling from two data sets. (Author/GDC)