The Differential Bankruptcy Predictive Ability of Specific Price Level Adjustments: Some Empirical Evidence.
使用70年代数据，通过判别分析和逻辑回归构建破产预测模型，发现特定价格水平调整数据并未显著提升预测效果。
Abstract This paper evaluates the usefulness of specific price-level adjusted (SPL) data for bankruptcy prediction using data from the 'seventies. Bankruptcy prediction models are derived from a matched-pair sample using multiple discriminant analysis and logit analysis and are tested on a holdout sample from a later period. The findings indicate that SPL data do not greatly improve bankruptcy prediction.