Which of the Following Is True of Logistic Regression as a Classifying

question 38

Multiple Choice

Which of the following is true of logistic regression as a classifying method?

• A) Its dependent variable is always categorical.
• B) Its independent variable is always continuous or numerical.
• C) It predicts the probability of output variables based on dependent variables.
• D) It cannot be used when the depIIdent variable is binary.

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Definitions:

Binding Price Floor

A government-imposed minimum price set above the equilibrium price, resulting in a surplus by preventing the market price from falling to its natural level.

Willingness To Pay

The maximum amount an individual is prepared to spend to procure a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy between what consumers are prepared and can afford to pay for a product or service versus what they end up paying in reality.

Willingness To Pay

The maximum amount an individual is prepared to spend on a good or service, which reflects the value they place on it.