The dynamic logit model (DLM) with autocorrelation structure (Liang and Zeger Biometrika 73:13–22, <CitationRef CitationID="CR26">1986</CitationRef>) is proposed as a model for predicting recurrent financial distresses. This model has been applied in many examples to analyze repeated binary data due to its simplicity in computation and...</citationref>

The usual bankruptcy prediction models are based on single-period data from firms. These models ignore the fact that the characteristics of firms change through time, and thus they may suffer from a loss of predictive power. In recent years, a discrete-time parametric hazard model has been...

Household formation analysis is both a multidimensional economical and statistical problem of great complexity. Since most of the literature tries to incorporate multiple economic aspects, there is, considering the extraordinary practical relevance of the problem, a remarkable gap between theory...