Logit model explained: regression with binary variables (Excel)
How to perform regression analysis when your dependent variable is categorical or binary? How to predict whether the borrower repays their loan, forecast the next recession, or estimate whether a student passes or fails the exam? The logit model (or logistic regression) comes to the rescue! Today we will learn how to estimate logit model parameters, coefficient standard errors, and how to forecast with it using a real-world example of credit scoring data. Econometrics is easy with NEDL!
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