Chapter 23 Binary Logistic Regression

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Page 411:

Second line from below of the paragraph in text box. The …the chance for \(Y=0\) to occur is \(P(Y = 0|X)\) rather than

… .the chance for \(Y=1\) to occur is \(P(Y = 0|X)\)

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Page 414:

The left-hand side of equation 23.5 should be

\(ln \frac{P}{1-P}\), rather than

\(ln = \frac{P}{1-P}\)

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Page 429:

The left-hand side of equation 23.23 should be

\(ln \frac{P}{1-P}\), rather than

\(ln = \frac{P}{1-P}\)

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Page 431:

In Equation 23.24 and Equation 23.25, Yeras should be Years

\(P(Buy = j) = \frac {e^{\beta_{0,j} + \beta_{1.l} Years}}{\sum_{k = 1}^{j} e^{\beta_{0,j} + \beta_{1.l} Years}}\) (23.24)

\(P(Buy = j) = \frac {1}{\sum_{k = 2}^{j} e^{\beta_{0,j} + \beta_{1.l} Years}}\) (23.25)