The Bayesian logistic regression model
The name logistic regression comes from the fact that the dependent variable of the regression is a logistic function. It is one of the widely used models in problems where the response is a binary variable (for example, fraud or not-fraud, click or no-click, and so on).
A logistic function is defined by the following equation:
It has the particular feature that, as y varies from to , the function value varies ...