What is likelihood in GLM?
I'm trying to understand the concept of likelihood in the context of Generalized Linear Models (GLM). Could you explain what likelihood means in this specific statistical framework?
What is GLM in banking?
I'm curious about GLM in the context of banking. Could someone explain what it stands for and how it's relevant in the banking industry?
What does GLM mean in business?
I'm trying to understand the meaning of GLM in the context of business. I've encountered this term several times recently and want to clarify its definition and how it's used in the business world.
Why is GLM useful?
GLM is useful because it provides a comprehensive framework for modeling complex relationships between variables in various domains like statistics, machine learning, and data analysis, enabling accurate predictions and informed decision-making.
What is GLM used for?
I want to understand the applications and uses of GLM. What kind of tasks or problems can GLM help solve? Is it mainly used for statistical modeling, data analysis, or some other purpose?