Consider the accompanying data file to estimate the logistic regression model for predicting loyalty (Loyal equals 1

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Consider the accompanying data file to estimate the logistic regression model for predicting loyalty (Loyal equals 1 if the member stayed at the gym for at least one year, 0 otherwise). Predictor variables include the member’s age and income (in $1,000s) and whether he/she joined on a single plan (Single equals 1 if on a single plan, 0 otherwise).
a. Use the estimated model to predict the loyalty odds for a 50-year-old member with income of $80,000 and on a single plan.
b. Predict the corresponding odds for a member on a family plan.
c. Interpret the percentage change in the loyalty odds when each predictor variable increases by one unit, holding the other variables constant.

 

LoyalAgeIncomePlan
039134Single
157120Family
17275Single
171143Single
12575Single
144149Single
021113Family
12687Family
06344Family
03744Single
165138Family
043138Family
06696Family
12191Family
07059Single
03931Single
03950Single
04385Family
06553Single
173119Single
17163Family
07251Single
153108Single
06046Family
160119Single
02141Single
146100Family
02155Family
027127Single
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Related Book For  answer-question

Business Analytics

ISBN: 9781265897109

2nd Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

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