Consider the following logistic regression equation: In(Estimated odds ratio) = 0.1 + 0.5X1t + 0.2X2t a. Interpret

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Consider the following logistic regression equation:
In(Estimated odds ratio) = 0.1 + 0.5X1t + 0.2X2t
a. Interpret the meaning of the logistic regression coefficients.
b. If X1 = 2 and X2 = 1.5, compute the estimated odds ratio and interpret its meaning.
c. On the basis of the results of (b), compute the estimated probability of an event of interest.
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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