“…Since a study by Fitzpatrick [1], various bankruptcy prediction models have been performed by many researchers [2][3][4][5][6][7][8][9][10][11][12][13][14]. The list of models is as follows: Artificial Neural Network, Bayesian, Case Based Inference, Discriminant Analysis, Expert Systems, Financial Statement Analysis, Fuzzy, Genetic Algorithms, Hybrid Neural Network, Inductive Learning, Lambda Index, Logit Analysis, Multivariate Discriminant Analysis, Principal Component Analysis, Probit Analysis, Probabilistic Artificial Neural Network, Profile Analysis, and Rough Set Theory [22][23].…”