November 2013
Beginner to intermediate
288 pages
9h 3m
English
Content preview from Decision Analytics: Microsoft® Excel®
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2. Logistic Regression
In This Chapter
The Rationale for Logistic Regression
The Distribution of the Residuals
One of the tools of decision analytics is called logistic regression. This method actually isn’t any sort of regression at all: It uses maximum likelihood estimates (which are optimized probabilities, as you’ll see later in this chapter) instead of correlations to arrive at its solutions. The use of the word regression appears to be due to the similarity of the equations that result. For example, in ordinary, least squares multiple regression you might arrive at an equation that looks like this: ...
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