search query: @indexterm Bankruptcy forecasting / total: 11
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| Author: | Laitinen, E.K. Laitinen, T. |
| Title: | Bankruptcy prediction: application of the Taylor's expansion in logistic regression |
| Journal: | International Review of Financial Analysis
2000 : VOL. 9:4, p. 327-349 |
| Index terms: | BANKRUPTCY FORECASTING |
| Freeterms: | LOGISTIC REGRESSION ANALYSIS TAYLOR'S EXPANSION |
| Language: | eng |
| Abstract: | The purpose of the present study is to test whether Taylor's series expansion can be used to solve the problem associated with the functional form of bankruptcy prediction models. To avoid the problems associated with the normality of variables, the logistic model to describe the insolvency risk is applied. Taylor's expansion is then used to approximate the exponent of the logistic function, or the logit. |
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