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  • Boone Indicator Threshold

    Please I estimated Boone indicator to measure banking competition using the 'asreg' function and the maximum Boone indicator value I'm getting is 3.6.
    1. Please is it normal to get a Boone indicator value of 3.6?
    2. Is there a range or threshold for Boone indicator values?
    Please I will be grateful for your response, thanks.
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