Hey Community,
I am trying to determine the risk of insolvency for customers. I have historical data for customers that went bakcrupt. Based on these information I would like to create a model that can predict the probability of a costumer declaring insolvency. I tried to use a logistic regression , however I believe this will only tell me “yes” or “no” and no specific probability like 74% risk of insolvency.
What model could I use and is there a way of predicting the risk without including a group of customers that DID NOT went bankrupt in my data set ?
Thanks in advance
Niklas