Updated 11/22/2021
Probability and odds measure the same thing: the likelihood or propensity or possibility of a specific outcome.
People use the terms odds and probability interchangeably in casual usage, but that is unfortunate. It just creates confusion because they are not equivalent.
How Odds and Probability Differ
They measure the same thing on different scales. Imagine how confusing it would be if people used degrees Celsius and degrees Fahrenheit interchangeably. “It’s going to be 35 degrees today” could really make you dress the wrong way.
In measuring the likelihood of any outcome, we need to know (more…)
Even if you’ve never heard the term Generalized Linear Model, you may have run one. It’s a term for a family of models that includes logistic and Poisson regression, among others.
It’s a small leap to generalized linear models, if you already understand linear models. Many, many concepts are the same in both types of models.
But one thing that’s perplexing to many is why generalized linear models have no error term, like linear models do. (more…)
by Danielle Bodicoat
Statistics can tell us a lot about our data, but it’s also important to consider where the underlying data came from when interpreting results, whether they’re our own or somebody else’s.
Not all evidence is created equally, and we should place more trust in some types of evidence than others.
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What are goodness of fit statistics? Is the definition the same for all types of statistical model? Do we run the same tests for all types of statistic model?
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Interpreting the results of logistic regression can be tricky, even for people who are familiar with performing different kinds of statistical analyses. How do we then share these results with non-researchers in a way that makes sense?
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Multicollinearity is one of those terms in statistics that is often defined in one of two ways:
1. Very mathematical terms that make no sense — I mean, what is a linear combination anyway?
2. Completely oversimplified in order to avoid the mathematical terms — it’s a high correlation, right?
So what is it really? In English?
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