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6B. Interpret the Confusion atri-$ for ho& man% cases 0i.e.$ respondents1
does the choice lo"it model predict their choice accuratel%8 5or each cell
in the matri-$ "i'e an e-emplar% respondent from the <+stimation= sheet.
Do %ou consider this as a successful estimation for the actual dataset8
#h%8
As shown in above, the confusion matri shows !"# accurac$% &e 'nd this b$
addin( the two bold numbers in each column )1*"+ 112" and then divide b$ the
total number of respondents )1*""%
6. Interpret the <Coecient +stimates= 0i.e.$ &hich 'ariables a/ect
customer choice si"niEcantl%8, )ased on the si"niEcant 'ariables$ &hich of
them a/ect customer choice positi'el% and ne"ati'el%81 Please follo& the
methodolo"% &e did in class and do not &orr% about the "reen and red
colors. In ans&erin" this Fuestion$ do not ust &rite do&n the list of
'ariables but tr% to e-plain these relationships in meanin"ful sentences as
if %ou are reportin" it to %our mana"erH
-
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5i"ure ?:
*
6B. Interpret the Confusion atri-$ for ho& man% cases 0i.e.$ respondents1
does the choice lo"it model predict their choice accuratel%8 5or each cell
in the matri-$ "i'e an e-emplar% respondent from the <+stimation= sheet.
Do %ou consider this as a successful estimation for the actual dataset8
#h%8
As shown in above, the confusion matri shows !"# accurac$% &e 'nd this b$
addin( the two bold numbers in each column )1*"+ 112" and then divide b$ the
total number of respondents )1*""%
6. Interpret the <Coecient +stimates= 0i.e.$ &hich 'ariables a/ect
customer choice si"niEcantl%8, )ased on the si"niEcant 'ariables$ &hich of
them a/ect customer choice positi'el% and ne"ati'el%81 Please follo& the
methodolo"% &e did in class and do not &orr% about the "reen and red
colors. In ans&erin" this Fuestion$ do not ust &rite do&n the list of
'ariables but tr% to e-plain these relationships in meanin"ful sentences as
if %ou are reportin" it to %our mana"erH
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5i"ure ?:
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