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

Table 6

Calculation of the TOPSIS method.

									CC
Logit analysis	0.46	0.63	0.52	0.49	0.37	0.46	1.86	1.00	0.35
Discriminant analysis	0.45	0.72	0.51	0.47	0.37	0.43	2.07	0.90	0.30
Decision tree	0.54	0.19	0.49	0.52	0.62	0.56	1.08	1.85	0.63
Neural network	0.54	0.19	0.48	0.52	0.59	0.55	1.11	1.81	0.62