The statistical technique used by Altman to distinguish between a bankrupt and a non bankrupt firm is ______________.

Multiple Discriminant Analysis

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Correlation

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Joint Probability

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Multiple Regression Analysis

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Both (B) and (D) above

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Solution

The correct option is A Multiple Discriminant Analysis
Multiple discriminant Analysis (MDA) is the statistical technique that is used to distinguish between bankrupt and non bankrupt firms.

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