Logistic Regression Is Used When You Want to

question 31

Multiple Choice

Logistic regression is used when you want to

• A) predict a categorical variable from continuous or categorical variables.
• B) predict a continuous variable from categorical variables.
• C) predict any categorical variable from other categorical variables.
• D) predict a continuous variable from a categorical variable.

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Definitions:

Mercantilism

An economic theory and practice that promotes government regulation of the nation's economy to increase state power at the expense of rival national powers.

Trade Surplus

A situation where a country's exports exceed its imports over a given period.

Sovereign Country

An independent state that possesses full self-government and is not controlled by another state.

Porter's Diamond Model

A framework for analyzing the competitive advantage nations or regions possess due to four key factors: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.