Question: Question 23 (4.5 points) What's a difference between logistic regression and linear regression? Logistic regression is a spe al case of linear regression: whenever we

Question 23 (4.5 points) What's a difference
Question 23 (4.5 points) What's a difference between logistic regression and linear regression? Logistic regression is a spe al case of linear regression: whenever we can use logistic regression, we would get the same result if we used linear regression. Linear regression estimates or predicts the average value for some quantitative variable, and logistic regression estimates or predicts the probability or proportion associated with some Yes/No variable. Logistic regression only uses Panel Data and Linear Regression only uses Cross- Sectional data. We're allowed to use dummy variables as independent variables in a linear regression model, but we can not use dummy variables as independent variables in logistic regression

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!