Logistic regression is a statistical model used to analyse and predict the relationship between a binary dependent variable (only two possible values) and one or more independent variables, which can be categorical or continuous. It is a type of regression analysis used in machine learning and data mining.
Logistic regression is based on the logistic or sigmoidal function, which is an S-shaped curve that models the probability of the dependent variable having a given value as a function of the independent variables. The logistic function converts any input value into a value between 0 and 1, which is interpreted as the probability of the event occurring.
The goal of logistic regression is to find the coefficients that best fit the data and most accurately predict the probability that the dependent variable will take one of two possible values. The coefficients are fitted by an iterative optimisation process that minimises the error in predicting the values of the dependent variable.
How is artificial intelligence helping us? Artificial intelligence (AI) has gone from being the stuff of science fiction movies to a [...]
Read More »Natural Language Processing or NLP analyzes how machines understand, interpret and process human language.
Read More »Fraud detection software is an important tool for protecting companies and individuals from fraudulent activity and minimizing the risk of fraud.
Read More »It is vital to understand, identify and satisfy customer needs. In this way, our business will be able to offer products and [...]
Read More »