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Exercise

Interpreting the odds for a categorical variable

The object log_model_cat is still loaded in your workspace. Have a look at the parameter estimates again. How do you interpret the parameter estimate for the interest rates that are between 8% and 11%? You can use the console to make basic computations (if necessary). Compared to the reference category with interest rates between 0% and 8%, the odds in favor of default change by a multiple of…

You can access your coefficients by using $coefficients following your model name.

Instructions
50 XP
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