What kind of model could be used to anticipate if a medium-sized business would accept your company's
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Question:
What kind of model could be used to anticipate if a medium-sized business would accept your company's supply chain offer? You've chosen to compute the acceptance probability using the logit model. You were given access to the company's publicly available data, which includes 50 different sorts of information collected over the course of the previous 10 years, in order to create the prediction model. The data is obtainable on a monthly basis.
What stages are involved in testing and training the logit model?
How would the model calculate the likelihood of acceptance?
What are the parameters of the model? How big are they?
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
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