What Is an Alternative to Logistic Regression When the Dependent

question 22

Multiple Choice

What is an alternative to logistic regression when the dependent variable has more than two classes?

• A) Binomial regression
• B) Logit regression
• C) Legit regression
• D) Multinomial regression

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Definitions:

Negative Income Tax

A welfare system in which individuals earning below a certain income threshold receive supplemental pay from the government instead of paying taxes.

Labor Earnings

Income received by workers for their labor, including wages, salaries, bonuses, and other compensation.

Income Distribution

Income distribution describes how a nation’s total GDP is spread amongst its population, influencing the standard of living and economic inequalities.

Perfectly Equal Distribution

An ideal and theoretical state where all resources or income are distributed evenly among all members of a society.