Both OLS and Logistic Regression Are Flexible in That They

question 19

True/False

Both OLS and logistic regression are flexible in that they permit the use of multiple independent variables, including dummy independent variables.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs. It is used to cover fixed costs and generate profit.

Contribution Margin

The difference between a company's sales revenue and variable costs, indicating the amount available to cover fixed costs and generate profit.

Fixed Expenses

Expenses that remain constant regardless of the amount of output or sales, including items like lease payments, wages, and insurance costs.

Net Income

The net income of a company, which is calculated by deducting all costs and taxes from its total earnings.