A Hybrid Analysis Approach to Improve Financial Distress Forecasting: Empirical Evidence from Iran

Table 4

The linear discriminant functions for financial distress.

	Cluster 1		Cluster 2		Cluster 3
	Distress	No distress	Distress	No distress	Distress	No distress
Constant	−4.06	−1.61	−10.16	−6.26	−5.28	−3.43
	6.81	−0.53	13.11	−0.23	14.07	3.43
	0.69	−0.13	−0.3	0.36	−0.38	−0.38
	5.04	4.79	10.38	6.73	2.27	2.69
	3.21	2.11	5.07	3.67	0.68	−0.35