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What is logistic regression?

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Logistic Regression often referred to as the logit model is a technique to predict the binary outcome from a linear combination of predictor variables. 

For example, if you want to predict whether a particular political leader will win the election or not. In this case, the outcome of prediction is binary i.e. 0 or 1 (Win/Lose). The predictor variables here would be the amount of money spent for election campaigning of a particular candidate, the amount of time spent in campaigning, etc.

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