I need help interpreting logistic regression results to answer the following question: Does GRE scores, undergraduate GPA and the prestige (yes or no) of their undergraduate program effect admission (yes or no) into graduate school?
Logistic regression, also called a
logit model, is used to model dichotomous outcome variables. In the
logit model the log odds of the outcome is modelled as a linear
combination of the predictor variables. Basically there are three
predictor variables - GRE, GPA and rank. We will treat the
variables GRE
and GPA as continuous. The variable
rank
takes on the values 1 through 4 lets say.
Institutions with a rank of 1 have the highest prestige, while
those with a last rank have the lowest. As expected, both GRE and
GPA have a positive effect on admissions – as they go up, so do the
odds of admission. Also prestige,GRE and GPA are statistically
significant, as are the three terms for rank
.
The logistic regression coefficients
give the change in the log odds of the outcome for a one unit
increase in the predictor variable. The chi-squared test statistic
of 14.9, with 1 degree of freedom is associated with a p-value of
0.0001
indicating that the overall effect of rank is
statistically significant. We can also exponentiate the
coefficients and interpret them as odds-ratios. We can say that for
a one unit increase in GPA
, the odds of being admitted
to graduate school increase by a factor of 1.94. The effects seen
are in the directions expected, i.e. higher GRE and GPA and more
prestige suggests more likely admittance i.e. lower prestige rank
score means higher prestige. Now if any move up one on GPA, the
odds of being admitted increase by a certain factor, i.e. more than
double. If prestige rank increases by one (i.e. less prestige), the
odds percentage will decrease.
After adjusting for confounding factors like gpa, gre, rank, we analyse that the odds of being admitted to graduate school versus not being admitted increase by a factor more than two times higher for candidates with higher GPA than for candidates with less scores. For logistic regression, the more general method of maximum likelihood is preferred for its robust statistical properties. Basically, the algorithm tries to find coefficients that maximize the likelihood that the probabilities are closest to 1 for people who defaulted, and close to zero for people who did not. The fitness of our model can be tested by calculating the p-value i.e. probability of a student being admitted. With a p-value of 0.0068 which is less than 0.05, we conclude that our model is statistically significant. Thus we can say that GRE scores, undergraduate GPA and the prestige of their undergraduate program effect admission into graduate school.
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I need help interpreting logistic regression results to answer the following question: Does GRE scores, undergraduate...
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