When to use ✅✅✅
- Binary or Categorical Dependent Variable: Logistic regression is suitable when your dependent variable is binary or categorical (e.g., yes/no, pass/fail).
- Modeling Probabilities: It helps model and predict probabilities of an event occurring based on predictor variables.
- Dichotomous Outcomes: Useful for understanding and predicting outcomes with two possible categories.
- Assessing Odds Ratios: Logistic regression provides valuable insights into odds ratios and the impact of predictors on the outcome.
- Predictive Modeling in Classification Tasks: It’s commonly used in tasks like spam detection, disease diagnosis, and customer churn prediction.
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