Survey on Bankruptcy Prediction Model Using Machine Learning Techniques

Bankruptcy, Financial depression and then the resultant failure of a business is usually an extremely costly and disrupting event for any company and organization. Statistical predictions of financial depression models try to predict whether a business will experience financial failure in the future. Discriminate analysis and logistic regression have been the most popular approaches which is used, but there is also a large number of data mining and machine learning techniques that can be used for this purposed.