The Prediction of Industrial Bond Rating Changes: a Multiple Discriminant Model Versus a Statistical Decomposition Model
Description:
The purpose of this study is to investigate the usefulness of statistical decomposition measures in the prediction of industrial bond rating changes. Further, the predictive ability of decomposition measures is compared with multiple discriminant analysis on the same sample. The problem of this study is twofold. It stems in general from the statistical problems associated with current techniques employed in the study of bond ratings and in particular from the lack of attention to the study of b…
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Date:
December 1985
Creator:
Metawe, Saad Abdel-Hamid