What Are Some General Rules of When Logistic Regression Is

question 72

Short Answer

What are some general rules of when logistic regression is used? Give examples.

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Definitions:

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Cooperatives

An organization owned and operated by a group of individuals for their mutual benefit, where members share in the decision-making process and profits.

Limited Liability

A legal principle that limits an investor's loss in a business venture to the amount of capital invested, protecting personal assets from business debts and obligations.

Tax-Exempt Status

A designation that exempts specific entities or income from tax under federal or state laws.