Examlex
Using a graduated scale of penalties:
Explanatory Variable
A variable in a statistical model that is believed to cause or influence the response variable.
Indicator Variable
A binary variable that takes the value of 0 or 1 to indicate the absence or presence of some categorical effect that may be expected to shift the outcome.
Logistic Regression
A statistical method used for binary classification that estimates the probability of a binary response based on one or more predictor variables.
Binomial Probability
The probability of obtaining a fixed number of successful outcomes in a fixed number of trials, each with the same probability of success.
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