Logistic Regression Is Best Suited for Dependent Variables That Are

question 22

Multiple Choice

Logistic regression is best suited for dependent variables that are ______.

• A) continuous
• B) ordinal
• C) nominal
• D) dichotomous

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Definitions:

Asset

An economic resource owned or controlled by an individual or entity that is expected to produce future benefits.

Service Revenue

Income earned by a company for the services it has provided to its customers.

Bank Loan Payable

Bank Loan Payable is the amount owed by a borrower to a bank, typically represented as a liability on the borrower's balance sheet.