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

question 7

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 dependent variable is binary.

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Definitions:

Supply of Money

The total value of money available in an economy at a specific time, including cash, coins, and balances in bank accounts.

Tight Monetary Policy

A monetary policy strategy used by central banks to decrease the money supply and increase interest rates to control inflation and stabilize the currency.

Net Exports

The value of a country's total exports minus the value of its total imports. It is a component of a country’s GDP.

Federal Reserve System

The main banking authority in the United States, tasked with setting monetary policy, overseeing banks, ensuring the financial system's stability, and offering financial services.