[Analyticbridge] BigDataFr recommends: Making data science accessible – Logistic Regression

BigDataFr recommends: Making data science accessible – Logistic Regression

[…] What is Logistic Regression?

Regression is a modelling technique for predicting the values of an outcome variable from one or more explanatory variables. Logistic Regression is a specific approach for describing a binary outcome variable (for example yes/no). Let’s assume you are own a new boutique shop. You have a list of potential clients you are thinking of inviting to a special event with the aim of maximizing the number of sales – who should you invite?
Data on previous events you have run is a great starting point here, allowing you to predict an individual’s likelihood of buying given the information you have on them. […]

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By Dan Kellett
Source: analyticbridge.com

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