Matt Mitchell

33%
Flag icon
The relationships between probabilities, odds (ratios), and log-odds (ratios) are straightforward. An event with a small probability has small odds, and also has small log-odds. An event with a large probability has large odds and also large log-odds. Probabilities are always between zero and unity. Odds are bounded below by zero but can be arbitrarily large.
Fundamentals of Predictive Analytics with JMP
Rate this book
Clear rating