Professional Documents
Culture Documents
1 2016 Cost of Cyber Crime Study and the Risk of Business Innovation. Poneman Institute, October 2016.
2 Ibid
3 The Breached Database Directory. Vigilante.pw. https://vigilante.pw/ accessed March 21, 2017.
4 Ibid
5 Wooldridge Jeffrey M. 2003. Introductory Econometrics: A Modern Approach. Mason, Ohio: South-Wester Thomson South-
Conclusion
Interpretation is difficult in logit and probit models. In order to interpret the fit of the model and to
determine the level of the variable coefficients, analysts often use percent correctly predicted as a
goodness of fit measure.7 However, a high percentage of correct predictions in the model does not always
mean the explanatory variables are an accurate predictor.8 The sources of data are mostly available for
this study, but monetary subscriptions are needed for research firms such as FactSet or Bloomberg.
Acquiring the data for the models for approximately thousands of corporations would be time consuming
and a fairly-large data team would be needed to compile the data. Once that phase is complete, running
the regressions and conducting regression diagnostics would be straightforward working in IDEs that I
use such as R Studio or the IDE for Python called Spyder.
7
Wooldridge Jeffrey M. 2003. Introductory Econometrics: A Modern Approach. Mason, Ohio: South-Wester Thomson South-
Western. Pp. 554-564.
8
Ibid