Refer to the REG procedure output:
The Intercept estimate is interpreted as:
Correct Answer:C
The standard form of a linear regression model is:
Which statement best summarizes the assumptions placed on the errors?
Correct Answer:D
An analyst fits a logistic regression model to predict whether or not a client will default on a loan. One of the predictors in the model is agent, and each agent serves 15-20 clients each. The model fails to converge. The analyst prints the summarized data, showing the number of defaulted loans per agent. See the partial output below:
What is the most likely reason that the model fails to converge?
Correct Answer:A
Refer to the REG procedure output:
An analyst has selected this model as a champion because it shows better model fit than a competing model with more predictors.
Which statistic justifies this rationale?
Correct Answer:C
Refer to the exhibit:
An analyst examined logistic regression models for predicting whether a customer would make a purchase. The ROC curve displayed summarizes the models. Using the selected model and the analyst's decision rule, 25% of the customers who did not make a purchase are incorrectly classified as purchasers.
What can be concluded from the graph?
Correct Answer:C
Screening for non-linearity in binary logistic regression can be achieved by visualizing:
Correct Answer:B