Suppose I use a logit model to calculate the probability of financial distress for a firm.
I use some ratios that I believe are relevant in determining the success/failure of a Company and, using past data of firms (some of them failing other no), I can run my logit, right?
Now, how can I get the probability of distress from the logit output? I am doing this using R, so if you can also make examples with this language, it would be much appreciated.
