LOGISTIC FUNCTIONS AND PREDICTION OF COMPANY’S BANKRUPTCY
The mathematical apparatus of logistic regression is used to predict the possibility of company’s bankruptcy. It is based on the concept of the logistic function, which is widely used in the mathematics. The authors of the project, which was awarded a prize at the competition of projects under VII International Scientific Student Congress, 2016, examined the three companies from the medical sector. After analyzing the leading indicators of these companies and applying Olson’s formula that uses averages for the industry and the obtained data, the authors concluded that the possibility of default is low in only one of the companies.