Logistic Regression Is Used When You Want To

question 12

Multiple Choice

Logistic regression is used when you want to?

• A) Predict a continuous variable from dichotomous ones.
• B) Predict a dichotomous variable from continuous or dichotomous variables.
• C) Predict any categorical variable from other categorical variables.
• D) Predict a continuous variable from dichotomous or continuous variables.

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Definitions:

Pull Model

A pull model is a supply chain strategy where the production of goods is initiated by actual customer demand rather than forecasted demand.

Mass Customization

A production process in which items are produced in large quantities but are customized to fit the desires of each customer.

Make-to-order

A production strategy where products are only manufactured after receiving a customer's order, allowing for customization but potentially increasing lead times.

SCM

Supply Chain Management encompasses monitoring and managing the flow of materials, information, and finances as they transition from suppliers to manufacturers, wholesalers, retailers, and then to the end consumer.