Solution) The following output has been provided which summarises the results of a logistic regression underta
Question: The following output has been provided which summarises the results of a logistic regression undertaken on paired samples of failed and non-failed UK publicly quoted companies. The independent variables employed are as follows:
PBTCL_1 is profit before tax divided by current liabilities.
CLTA_1 is current liabilities to total assets.
NCI_1 is the no-credit interval which is a measure of how long (in days) a company can continue trading with no revenue being generated.
CATL_1 is current assets to total liabilities.
All of these are calculated using data taken from the last accounts published prior to failure.
The dependent variable is dichotomous with failed companies being assigned 1 and non-failed companies 0.
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You are required to undertake a financial and statistical evaluation of this information.
Deliverables: Word Document