What Does Logistic Regression Not Do

question 23

Multiple Choice

What does logistic regression not do?

• A) Predict a dependent variable on the basis of several independent variables.
• B) Determine the variance in the dependent variable explained by the independent variables.
• C) Rank the relative importance of independent variables.
• D) Assess the impact of covariate control variables.

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Definitions:

Short Run

A period in economics during which at least one factor of production is fixed, limiting the adjustment processes of the economy.

Production Function

A mathematical representation of the relationship between inputs used in production and the output generated.

Returns to Scale

The rate at which output increases as inputs are proportionally increased in the production process.

Production Function

A Production Function describes the relationship between inputs used in production and the output resulting from their use, showing how output changes as inputs change.