(Michael McGee, Greg Higgins, Cindy Chao, 1994)
Data Envelopment Analysis (DEA) can be used to evaluate managerial efficiency of mutual funds. By extending the
DEA methodology with linear regression, a new prediction tool for future efficiency is developed. The linked model
was tested on a sample of fifty growth mutual funds over a three year time horizonÄresulting in accurate predictions
of future efficiency with 99% confidence.