„Wir glauben, der Siegeszug der digitalen Technik habe innerhalb weniger Jahre alles revolutioniert: unsere Beziehungen, unsere Arbeit, die Demokratie. Aber jetzt dreht der Soziologe Armin Nassehi den Spieß um und zeigt, dass es immer schon technische Revolutionen gab. Nicht die...

This paper proposes a rating methodology that is based on a non-linear classification method, the support vector machine, and a non-parametric technique for mapping rating scores into probabilities of default. We give an introduction to underlying statistical models and represent the results of...

In the era of Basel II a powerful tool for bankruptcy prognosis is vital for banks. The tool must be precise but also easily adaptable to the bank's objections regarding the relation of false acceptances (Type I error) and false rejections (Type II error). We explore the suitability of Smooth...

In recent years support vector regression (SVR), a novel neural network (NN) technique, has been successfully used for financial forecasting. This paper deals with the application of SVR in volatility forecasting. Based on a recurrent SVR, a GARCH method is proposed and is compared with a moving...