If a dependent variable is binary, is it optimal to use linear regression or logistic regression?...

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If a dependent variable is binary, is it optimal to use linearregression or logistic regression? Explain your answer and includethe theoretical and practical concerns associated with eachregression model. Provide a business-related example to illustrateyour ideas.

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Here the answer to the question with full concept Please dont hesitate to give a thumbs up in case youre satisfied with the answer Lets say you have a dependent variable which is dichotomous ie takes 1 or 0 values only then we doesnt leave much of a range and variance to See Answer

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If a dependent variable is binary, is it optimal to use linear regression or logistic regression?...

70.2K

Verified Solution

Question

Basic Math

If a dependent variable is binary, is it optimal to use linearregression or logistic regression? Explain your answer and includethe theoretical and practical concerns associated with eachregression model. Provide a business-related example to illustrateyour ideas.

Answer & Explanation Solved by verified expert

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