Logistic Regression
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This is the problem in which outcomes are discrete classes rather than continuous values. For example, a customer will arrive or not, he will purchase the product or not, and so on. In statistical methodology, it uses the maximum likelihood method to calculate the parameter of individual variables. In contrast, in machine learning methodology, log loss will be minimized with respect to β coefficients (also known as weights). Logistic regression has a high bias and a low variance error.
Logistic regression applies maximum likelihood estimation after transforming the dependent variable into a logit
variable (natural log of the odds of the dependent variable occurring or not) with respect to independent variables. In this way, logistic regression estimates the probability of a certain event occurring.
what will happen if someone fit the linear regression on a 0-1 problem rather than on logistic regression?