A logistic regression model is said to be statistically significant only when the p-Values are less than the pre-determined statistical significance level, which is ideally 0.05. The p-value for each coefficient is represented as a probability Pr( z). We see here that both the coefficients have a very low p-value which means that both the coefficients are essential in computing the response variable. The stars corresponding to the p-values indicate the significance of that respective variable. Since in our model, both the p values have a 3 star, this indicates that both the variables are extremely significant in predicting the response variable.
In this Course you learn Support Vector Machine & Logistic Classification Methods. In machine learning, Support Vector Machines (SVM) are supervised learning models with associated learning algorithms that analyze data used for classification and regression analysis. Given a set of training examples, each marked as belonging to one or the other of two categories, an SVM training algorithm builds a model that assigns new examples to one category or the other, making it a non-probabilistic binary linear classifier. An SVM model is a representation of the examples as points in space, mapped so that the examples of the separate categories are divided by a clear gap that is as wide as possible. New examples are then mapped into that same space and predicted to belong to a category based on which side of the gap they fall.
Logistic Regression was used in the biological sciences in early twentieth century. It was then used in many social science applications. Logistic Regression is used when the dependent variable(target) is categorical. Consider a scenario where we need to classify whether an email is spam or not. If we use linear regression for this problem, there is a need for setting up a threshold based on which classification can be done.
In statistics, Logistic Regression, or logit regression, or logit model is a regression model where the dependent variable (DV) is categorical. This article covers the case of a binary dependent variable--that is, where the output can take only two values, "0" and "1", which represent outcomes such as pass/fail, win/lose, alive/dead or healthy/sick. Cases where the dependent variable has more than two outcome categories may be analysed in multinomial logistic regression, or, if the multiple categories are ordered, in ordinal logistic regression. In the terminology of economics, logistic regression is an example of a qualitative response/discrete choice model. Logistic Regression was developed by statistician David Cox in 1958.
Regression is arguably the workhorse of statistics. Despite its popularity, however, it may also be the most misunderstood. The Dependent Variable is something you want to predict or explain. In a Marketing Research context it might be Purchase Interest measured on a 0-10 rating scale. The Independent Variable is what you use to explain or predict the Dependent Variable.