Archive for January, 2011

Logistic Regression and How to interpret it

When to use Simple Logistic Regression Logistic regression is used when Yi, response variable is binary, 0 or 1. Meaning of Response Function of binary response var Yi = beta_0 + beta_1* Xi + ei Considering Yi as bernoulli random variable, P(Yi =1 ) = pi ** let’s say probability of success P(Yi = 0 […]

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