Dear friends, we are happy to release our 99th technical video on Binary Logistic Regression (BNR)! BNR is an important statistical technique which helps in determining the effect of variable factors on a discrete binary response! Some application examples can be:
• Effect of pouring temperature, pouring time, carbon equivalent on casting defects such as porosity
• Effect of salary, and experience on attrition
• Bankruptcy prediction based on financial ratios.
Hemnat Urdhwareshe, Fellow ASQ, have explained the mathematical basis of the technique and illustrated the technique with an application example on SigmaXL software. We hope you find the video interesting and useful!
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