business tools, creating value, credit risk, data analysis, economics, financial risk, managing uncertainty, market risk, measurement, modelling, operational risk, optimisation, predictive modelling, regression, remuneration strategies, statistics
Don’t use Altman’s Z-score for managing a turnaround
I attended workshop presented by the famous credit analyst and model builder, Professor Edward Altman. He is probably most famous for the invention of the seemingly immortal Z score, which is still in use 40 years after its creation in 1968. During the workshop, Professor Altman recounted a story about how a company managed themselves…
