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There are different types of statistical, data mining and machine learning algorithms in Predictive Modeling. Each algorithm is used to address the specific needs of the business concern. So choosing the right algorithm for your business is a great task. Regression algorithm is one among them. Regression algorithm is used to forecast continuous data like credit scoring or predicting the next outcome of a time based event. For example regression algorithm can be used to predict the trend of a stock movement with its past prices.
Regression is a statistical method which helps to determine the relationship between one dependent variable and other independent variables. It explains how the dependent variable changes when one of the independent variable varies. It is also used to know which independent variable is related to the dependent variable and what is their relationship. Regression analysis is widely used in the field of prediction and forecasting. Regression analysis is an important component for modelling and analyzing data.
In the recent years many techniques have been developed to perform regression analysis. They are Linear regression, Logistic regression, Polynomial regression, Stepwise regression, Ridge regression, Lasso Regression and Elastic net regression.
Logistic regression is also known as logit regression or logit model. This is used to find the probability of event success and event failure. Logistic regression determines the relationship between categorical dependent variable and one or more independent variables using a logistic function.
Logistic regression is used for predicting the probability of occurrence of an event by fitting the data to a logistic curve. Ordinary Least Squares on the other hand is an important computational problem that is used in applications when there is a need to use a linear mathematical model to measurements which are derived from the experiments. OLS takes various forms like Correlation, multiple regression, ANOVA and others. Logistic regression is most widely used in the field of medical science whereas OLS is mostly used in social sciences.
Everything You Need to Know About Logistic Regression in Python - Credit Default Prediction
This course is a comprehensive and well-structured introduction to Logistic Regression in Python - Credit Default Prediction. The instructor, EDUCBA Bridging the Gap, is a leading expert in the field with a wealth of experience in Development to share.
The course is well-structured and easy to follow, and the instructor does a great job of explaining complex concepts in a clear and concise way.
The course is divided into sections, each of which covers a different aspect related to Data Science. Each module contains a series of video lectures, readings, and hands-on exercises.
The instructor does a great job of explaining each topic in a clear and concise way. He/She also provides plenty of examples and exercises to help students learn the material.
One of the things I liked most about this course is that it is very practical. The instructor focuses on teaching students the skills and knowledge they need to succeed in the real world. He/She also provides students with access to a variety of resources, including templates, checklists, and cheat sheets.
Another thing I liked about this course is that it is offered on Udemy. Udemy is a great platform for taking online courses because it offers a lot of flexibility for students. Students can choose to take courses at their own pace, and they can access the course materials from anywhere with an internet connection.
Udemy also offers a variety of payment options, so students can find a plan that works for them. The course also has a very active community forum where students can ask questions and interact with each other. The instructor is also very responsive to student questions and feedback.
Overall, I highly recommend this course to anyone who is interested in learning Logistic Regression in Python - Credit Default Prediction. It is a well-organized and informative course that will teach you the skills and knowledge you need to succeed.
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