What is odds, log odds and logit (feat. Slam Dunk story)?
Odds and logit is the basic concept to understand logistic regression. Today I’ll explain what it is as much as easily. Do you know a comic book, ‘Slam Dunk’? I’ll explain odds with this story. 1) Odds Now, Shohoku high school is playing games with other high schools in the tournament. In the first round, Shohoku high school won 4 games and lost 6 games out of 10 games. Now the winning odds of Shohoku high school is 4/6 ≈…