Logistic Regression Cannot Be Employed When the Dependent Variable Is

question 12

True/False

Logistic regression cannot be employed when the dependent variable is binary.

---

Definitions:

Payee

An individual or entity that is designated to receive a payment or financial transaction.

Nonnegotiable

Refers to a financial instrument that cannot be transferred or endorsed to another party.

Separate Agreement

A distinct contract or arrangement that is made independently from any other agreements or contracts.

Negotiable

Refers to a written and signed promise or order to pay a specific sum of money that can be transferred from one holder to another with the ownership of the document constituting ownership of the value.