Logistic regression model, Applied Statistics

Assignment Help:

A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood that a family will purchase a new car during the next year. A random sample of 33 suburban families was selected. Data on annual family income (in thousand dollars, X1), the current age of the oldest family automobile (in years, X2) were obtained. A follow up interview conducted 12 months later was used to determine whether the family actually purchased a new car (Y = 1) or did not purchased a new car (Y = 0).

The data is stored in file new-car.sav. and attach.

A) Specify a logistic regression model for this study,

B) Estimate all the coefficients of β0, β1 and β2,

C) Obtain exp(b1) and exp(b2) and interpret these numbers,

D) What is the estimated possibility that a family with annual income of $50 thousand and an old car of 3 years will purchase a new car next year?


Related Discussions:- Logistic regression model

Probability and expectation, Ten balls are put in 6 slots at random.Then ex...

Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots

Regression coefficient, Regression Coefficient While analysing regressi...

Regression Coefficient While analysing regression in two related series, we calculate their regression coefficients also. There are two regression coefficients like two regress

Confidence interval, a) List down several measures of central tendency and ...

a) List down several measures of central tendency and define the difference among them? b) What do you mean by confidence interval, and why it is useful? What is a confidence lev

Index Number of formulae, discuss the mathematical test of adequacy of inde...

discuss the mathematical test of adequacy of index number of formulae. prove algebraically that the laspeyre, paasche and fisher price index formulae satisfies this test. What is

Advantages of median, Advantages It is especially useful in c...

Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th

Aviation legislation - SUPPLEMENTAL TYPE CERTIFICATION, JAR 21 SUPPLEMENTAL...

JAR 21 SUPPLEMENTAL TYPE CERTIFICATION JAR 21 Part E introduces the need for Supplemental Type Certification when a manufacturer wishes to make major changes to the Type Desig

Regression and anova, The first step in this case is to ensure that you ar...

The first step in this case is to ensure that you are adequately clear on the General Linear Model and its relationship to both ANOVA and regression. The distinction is approxim

Pattie-lynns utility function, Pattie-Lynn's utility function for total as...

Pattie-Lynn's utility function for total assets is, in which A represents total assets in thousands of dollars. (a) Graph Pattie-Lynn's utility function. How would y

Level process control lab, Based on the following graphs (next page) you sh...

Based on the following graphs (next page) you should write a discussion report (2 pages) on: 1. Determination of whether the open-loop system response is consistent with a 1st o

T test, What is an example of a real life situation when I would use each o...

What is an example of a real life situation when I would use each of these test

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd