In Logistic Regression

question 40

Multiple Choice

In logistic regression,

• A) there can only be two independent variables.
• B) there are two dependent variables.
• C) the dependent variable only assumes two discrete values.
• D) the dependent variable only assumes two continuous values.

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Definitions:

American Bankers Association

A trade association representing the United States banking industry, aimed at fostering a safe and competitive banking system.

Transactions Demand

Transactions demand refers to the amount of money that people hold for the purpose of making everyday purchases and transactions.

Medium of Exchange

This refers to an item that is widely accepted in exchange for goods and services, facilitating trade by averting the inefficiencies of a pure barter system.

Fractional Reserve Banking

A banking system where banks hold a fraction of deposits as reserves and use the rest for lending purposes.