probability, odds, log-odds Flashcards
probability range
0 to 1
odds range
0 to infinity
log-odds range
negative infinity to infinity
log-odds
natural logarithmic of the odds
provide linear relation and can be extended to models with multiple predictors
odds
ratio of the probability of the event occurring to the probability of the event not occurring
how to obtain odds from probability
odds = probability value / 1 - probability value
how to obtain log-odds from probability
log(odds value)
or
log(probability value / 1 - probability value)
how to obtain probability from odds
odds / 1 + odds
what do odds ratios show
a change in odds with a unit increase in x
odds ratio effects
OR of 1 = no effect
OR of less than 1 = negative effect
OR of more than 1 = positive effect
why would you translate log-odds to odds ratios, and how would you do so?
why? To aid interaction
exponentiate the coefficients from the model