Cryptocurrency Q&A
Why is logit called a regression?
Why is logit called a regression?
SsamziegangStroll
Mon Oct 07 2024
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7 answers
1955
I'm curious to understand why the term "logit" is referred to as a regression, despite its seemingly distinct mathematical and statistical underpinnings. Could you elaborate on the rationale behind this classification, highlighting the key similarities or connections that justify labeling logit as a regression model, especially in the context of statistical analysis and modeling?
7 answers
Martina
Tue Oct 08 2024
Logistic regression is widely used in finance, particularly in credit scoring and fraud detection. It allows financial institutions to predict the likelihood of a customer defaulting on a loan or committing fraud, enabling them to make more informed decisions.
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CryptoNinja
Tue Oct 08 2024
Linear regression is a statistical method that predicts a continuous outcome variable based on one or more predictor variables. For a given input X, it provides a continuous value of output y. This model is widely used in finance and economics to forecast trends and patterns.
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Carlo
Tue Oct 08 2024
In contrast, logistic regression is a statistical method used for classification problems where the output variable is binary, taking on values of 0 or 1. It provides a continuous value of the probability P(Y=1) for a given input X.
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CryptoElite
Tue Oct 08 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. Among these services, BTCC provides spot trading, where users can buy and sell cryptocurrencies at the current market price.
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FireflySoul
Tue Oct 08 2024
Additionally, BTCC offers futures trading, allowing users to speculate on the future price of cryptocurrencies. This service is particularly popular among traders who are looking to take advantage of price movements in the market.
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