How can binary variables be used to model logistical conditi

How can binary variables be used to model logistical conditions. Provide examples.

Solution

When the dependent variable takes two values (say yes or no) then the model assumes logistic conditions.

example : when a customer enters a shop to purchase some item then he has to options to act upon. He may purchase the item or not. In this case logistic conditions are used

How can binary variables be used to model logistical conditions. Provide examples.SolutionWhen the dependent variable takes two values (say yes or no) then the

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site