📜 Contributions by @KGBicheno at [[binary regressions]]
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📜 Economics/Binary Regressions.md (contribution by @KGBicheno) ☆ 📎
Binary Regressions
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Regressions can sometimes go one of two ways, so either default or not defaulting on a loan, or have a stroke or not have a stroke. Binary variables.
Need to use a special model
- Logit
- Probit model
Used discreet and continuous variables in the model.
Relationshiip between discreet veriable is non-linear. Y variable is a 1 or a variable.
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