Predictive Financial Analysis as a Tool for Business Management
Predictive Financial Analysis as a Tool for Business Management

Summary/Abstract: The focus of this paper is the application of one-dimensional discriminant analysis in specific conditions of economic practice. The research sample of the enterprises has shown, that even these methods can better warn against nearing bankruptcy by predicting whether business will or will not be sustainable. The assumptions of research were verified in a group consisting of prosperous and non-prosperous business entities. The results of the original research show that one-dimensional discriminatory methods had a higher reliability than the multidimensional ones on the sample of enterprises surveyed. The method of discriminant analysis established is relevant for research in this conditions.

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