Logistic Regression Is Designed to Predict the ______ of an Event

question 30

Multiple Choice

Logistic regression is designed to predict the ______ of an event occurring.

• A) proportion
• B) variability
• C) probability
• D) category

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Definitions:

External Benefits

Positive effects experienced by third parties or the society at large due to an economic transaction they were not directly involved in.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Subsidizing Consumers

Directing government funds to reduce the price paid by consumers for goods or services, aiming to encourage consumption or support specific sectors.