I just want to make sure that I understand what we're modeling here. So, our dependent variable is the recovery rate. This is what we're predicting. Once we obtain our prediction, we would then subtract that from 1 to arrive at our LGD. Is this correct? - Example: LGD = 1 - recovery rate - In our Case: LGD = 1 - predicted recovery rate

Me answering my own Q again. Smh. Yeah, this is what we're doing.

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