Logit Models MCQ

Exponential of a logistic regression slope coefficient is known as Odds Ratio.

Answer

Correct Answer: True

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Logistic Regression Model is used to predict a dependent variable with two categories (0, 1), called a binary or dichotomous variable. It is used to estimate the probability of a binary response based on one or more ______ variables.

Answer

Correct Answer: Independent

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______ Ratio Statistic assesses the goodness of fit for logistic regression models.

Answer

Correct Answer: Likelihood

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Heteroscedasticity occurs when the assumption of homoscedasticity is violated and indicates that the error terms are constant across all values of x.

Answer

Correct Answer: False

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Dichotomous Variable is a _____ -category variable.

Answer

Correct Answer: Two

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