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  3. Introduction to Regression with statsmodels in Python
  • 1

    Simple Linear Regression Modeling

    Free

    You’ll learn the basics of this popular statistical model, what regression is, and how linear and logistic regressions differ. You’ll then learn how to fit simple linear regression models with numeric and categorical explanatory variables, and how to describe the relationship between the response and explanatory variables using model coefficients.

  • 2

    Predictions and model objects

    In this chapter, you’ll discover how to use linear regression models to make predictions on Taiwanese house prices and Facebook advert clicks. You’ll also grow your regression skills as you get hands-on with model objects, understand the concept of "regression to the mean", and learn how to transform variables in a dataset.

  • 3

    Assessing model fit

    In this chapter, you’ll learn how to ask questions of your model to assess fit. You’ll learn how to quantify how well a linear regression model fits, diagnose model problems using visualizations, and understand each observation's leverage and influence to create the model.

  • 4

    Simple Logistic Regression Modeling

    Learn to fit logistic regression models. Using real-world data, you’ll predict the likelihood of a customer closing their bank account as probabilities of success and odds ratios, and quantify model performance using confusion matrices.

Initializing

Exercise

Odds ratio

Odds ratios compare the probability of something happening with the probability of it not happening. This is sometimes easier to reason about than probabilities, particularly when you want to make decisions about choices. For example, if a customer has a 20% chance of churning, it may be more intuitive to say "the chance of them not churning is four times higher than the chance of them churning".

mdl_churn_vs_relationship, explanatory_data, and prediction_data are available from the previous exercise.

Instructions 1/2

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  • Update prediction_data to add a column, odds_ratio, of the odds ratios.
  • Print the first five lines of prediction_data.