Prastyo, Dedy Dwi; Härdle, Wolfgang Karl - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
Using a local adaptive Forward Intensities Approach (FIA) we investigate multiperiod corporate defaults and other … delisting schemes. The proposed approach is fully datadriven and is based on local adaptive estimation and the selection of … against the global FIA that employs all past observations. For the six months prediction horizon, the local adaptive FIA …