Logit
Definition, Meaning & Examples
Pronunciation /ˈloʊd͡ʒɪt/ · Part of speech noun
Quick meaning: Logit is a noun meaning (finance, metonymic, informal) A logistic regression, which applies such a mathematical function.
Meaning
(finance, metonymic, informal) A logistic regression, which applies such a mathematical function.
More Meanings
- (mathematics) The inverse of the sigmoid or logistic function used in mathematics, especially in statistics. The logit of a number p between 0 and 1 is given by the formula:
Example Sentences
operatorname logit(p)= log (p/(1-p))= log (p)- log (1-p).!,
Improvements in computer speed and in our understanding of simulation methods have allowed the full power of mixed logits to be utilized.
The relation of the logit formula to the distribution of unobserved utility (as opposed to the characteristics of choice probabilities) was developed by Marley, as cited by Luce and Suppes (1965), who showed that the extreme value distribution leads to the logit formula.
Word Forms
- logits
Related Words
Related dictionary entries include multinomial, logistic, logistical, logistics, superlogarithm, loglog.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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