Why these models are used

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Question: Concept Explanation: Begin by providing a comprehensive explanation of binary and multinomial logistic regression models. Include details about when and why these models are used, and how they differ from linear regression models. Please support your explanations with examples.
Software Utilization: Discuss your experience using RapidMiner, Python, and Excel to estimate binary and multinomial logistic regression models. Share any challenges you encountered and how you overcame them. Include screenshots to illustrate your process, if possible.
Real-world Application: Finally, find a real-world scenario where either a binary or multinomial logistic regression model could be beneficial. Describe the scenario, explain why you chose the particular regression model, and outline how you would estimate the model using either RapidMiner, Python, or Excel.

Reference no: EM133765689

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