Abstract
An extensive amount of data are generated from the electronic world each day. Possessing useful knowledge from this data is challenging, and it became a prime area of current research. Much research has been carried out in these directions initiating from statistical techniques to intelligent computing and further to hybridized computing. The foremost objective of this article is making a comparative study between statistical, rough computing, and hybridized computing approaches. Financial bankruptcy dataset of Polish companies is considered for comparative analysis. Results show that rough hybridization of the binary-coded genetic algorithm provides an accuracy of 98.3% and it is better as compared to other descriptive and rough computing techniques.
Similar content being viewed by others
References
Altman EI (1968) Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. J Financ 23(4):589–609
Anitha A, Acharjya DP (2015) Neural network and rough set hybrid scheme for prediction of missing associations. Int J Bioinform Res Appl 11(6):503–524
Beaver WH (1966) Financial ratios as predictors of failure. J Account Res, 71–111
Cielen A, Peeters L, Vanhoof K (2004) Bankruptcy prediction using a data envelopment analysis. Eur J Oper Res 154(2):526–532
Chen M-Y (2012) Comparing traditional statistics, decision tree classification and support vector machine techniques for financial bankruptcy prediction. Intell Autom Soft Comput 18(1):65–73
Cheng JH, Lee CM, Lee TE, Lee LC (2013) An integrated business bankruptcy prediction model based on K-mean clustering, rough sets and support vector machines. Adv Inform Sci Serv Sci 5(17):15–31
Chen N, Ribeiro B, Vieira A, Chen A (2013) Clustering and visualization of bankruptcy trajectory using self-organizing map. Expert Syst Appl 40 (1):385–393
Deep K, Thakur M (2007) A new crossover operator for real coded genetic algorithms. Appl Math Comput 188(1):895–911
Dimitras AI, Slowinski R, Susmaga R, Zopounidis C (1999) Business failure prediction using rough sets. Eur J Oper Res 114(2):263–280
Dubois D, Prade H (1990) Rough fuzzy sets and fuzzy rough sets. Int J Gen Syst 17(2–3):191–209
Greco S, Matarazzo B, Slowinski R (1998) A new rough set approach to multicriteria and multiattribute classification. In: International conference on rough sets and current trends in computing. Springer, Berlin, pp 60–67
Hua Z, Wang Y, Xu X, Zhang B, Liang L (2007) Predicting corporate financial distress based on integration of support vector machine and logistic regression. Expert Syst Appl 33(2):434–440
Kar AK (2016) Bio inspired computinga review of algorithms and scope of applications. Exp Syst Appl 59:20–32
Lee MH, Efendi R, Ismail Z (2009) Modified weighted for enrollment forecasting based on fuzzy time series. Malaysian J Indus Appl Math 25:67–78
Mckee TE (2000) Developing a bankruptcy prediction model via rough sets theory. Intell Syst Account Financ Manag 9(3):159–173
Min JH, Jeong C (2009) A binary classification method for bankruptcy prediction. Expert Syst Appl 36(3):5256–5263
Molodtsov D (1999) Soft set theory first results. Comput Math Appl 37(4–5):19–31
Pawlak Z (1982) Rough sets. Int J Comput Inform Sci 11(5):341–356
Pawlak Z (1991) Rough sets: theoretical aspects of reasoning about data. Kluwer Academic Publishers, Dordrecht
Rathi R, Acharjya DP (2018) A rule based classification for agriculture vegetable production for Tiruvannamalai district using rough set and genetic algorithm. Int J Fuzzy Syst Appl 7(1):74–100
Rathi R, Acharjya DP (2018) A framework for prediction using rough set and real coded genetic algorithm. Arab J Sci Eng 43(8):4215–4227
Shafer G (1976) A mathematical theory of evidence. Princeton University Press, pp 42
Shen G, Jia W (2014) The prediction model of financial crisis based on the combination of principle component analysis and support vector machine. Open J Soc Sci 2(9):204–214
Siddique N, Adeli H (2015) Nature inspired computing: an overview and some future directions. Cogn Comput 7(6):706–714
Slowinski R, Zopounidis C (1995) Application of the rough set approach to evaluation of bankruptcy risk. Intell Syst Account Financ Manag 4(1):27–41
Xiao Z, Yang X, Pang Y, Dang X (2012) The prediction for listed companies financial distress by using multiple prediction methods with rough set and Dempster Shafer evidence theory. Knowl-Based Syst 26:196–206
Yeh CC, Chi DJ, Hsu MF (2010) A hybrid approach of DEA, rough set and support vector machines for business failure prediction. Expert Syst Appl 37(2):1535–1541
Zadeh LA (1965) Fuzzy sets. Information and Control 8(3):338–353
Zhang YD, Wu LN (2011) Bankruptcy prediction by genetic ant colony algorithm. Adv Mater Res 186:459–463
Zikeba M, Tomczak SK, Tomczak JM (2016) Ensemble boosted trees with synthetic features generation in application to bankruptcy prediction. Expert Syst Appl 58:15–31
Author information
Authors and Affiliations
Corresponding author
Ethics declarations
Conflict of interests
First Author declares that he has no conflict of interest. Second Author declares that he has no conflict of interest.
Additional information
Ethical approval
All procedures performed in studies involving human participants were in accordance with the ethical standards of the institutional and/or national research committee and with the 1964 Helsinki declaration and its later amendments or comparable ethical standards.
Informed consent
Informed consent was obtained from all individual participants included in the study.
Publisher’s note
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and permissions
About this article
Cite this article
Acharjya, D.P., Rathi, R. An extensive study of statistical, rough, and hybridized rough computing in bankruptcy prediction. Multimed Tools Appl 80, 35387–35413 (2021). https://doi.org/10.1007/s11042-020-10167-2
Received:
Revised:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s11042-020-10167-2