Example: bankruptcy
Multinomial Logistic Regression Models

Multinomial Logistic Regression Models

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(consisting of ordered categories) or nominal (consisting of unordered categories). Some types of models are appropriate only for ordinal responses; other models may be used whether the response is ordinal or nominal. If the response is ordinal, we do not necessarily have to take the ordering into account, but it often helps if we do.

  Logistics, Response, Regression, Ordered, Logistic regression, Unordered

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