Define the logistic regression model. Under what conditions will you utilize logistic regression? Provide examples. Q6b....

  

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Define the logistic regression model. Under what conditions will you utilize logistic regression? Provide examples. Q6b. Consider the following data for Simmons store where it is postulated that the categorical variable Y= 0, if the customer did not use the coupon and 1, if the customer used the coupon; and X- annual spending at Simmons's store ($000s) annually. Run a logistic regression model and compute the probability for a customer using a coupon if he/she spends $5 (in $000's) annually at Simmons store. Examine the output and evaluate the following r squared for the model. 1 2 3 4 end in 5 LD N 8 9 10 11 12 13 14 15 16 17 HP Customer 1 2 3 4 5 6 7 00 0 18 19 20 222INCA 121 122 123 E8 24 A 8 9 10 11 123 12 13 14 15 16 17 18 19 20 22 B Annual spending ($000s) 2.291 3.215 2.135 3.924 2.528 2.473 2.384 7.026 1.182 3.345 2.567 3.123 2.678 1.789 3.456 3.231 2.456 3.111 3.556 2.875 2.124 C Coupon -0, if not used, 1 if used) 0 0 0 1 0 0 0 1 0 1 0 HO 1 0 1 OOTTOTE 1 0 1 10 0 D Define the logistic regression model. Under what conditions will you utilize logistic regression? Provide examples. Q6b. Consider the following data for Simmons store where it is postulated that the categorical variable Y= 0, if the customer did not use the coupon and 1, if the customer used the coupon; and X- annual spending at Simmons's store ($000s) annually. Run a logistic regression model and compute the probability for a customer using a coupon if he/she spends $5 (in $000's) annually at Simmons store. Examine the output and evaluate the following r squared for the model. 1 2 3 4 end in 5 LD N 8 9 10 11 12 13 14 15 16 17 HP Customer 1 2 3 4 5 6 7 00 0 18 19 20 222INCA 121 122 123 E8 24 A 8 9 10 11 123 12 13 14 15 16 17 18 19 20 22 B Annual spending ($000s) 2.291 3.215 2.135 3.924 2.528 2.473 2.384 7.026 1.182 3.345 2.567 3.123 2.678 1.789 3.456 3.231 2.456 3.111 3.556 2.875 2.124 C Coupon -0, if not used, 1 if used) 0 0 0 1 0 0 0 1 0 1 0 HO 1 0 1 OOTTOTE 1 0 1 10 0 D

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Solution a logistic regression Logistic regression is the appropriate regression analysis to conduct ... View the full answer