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Odds rates are not only very important to contrasting the odds away from two occurrences (such as i did above on the clovers) — nevertheless they gamble a crucial role inside logistic regression. With what is called an odds ratio, you could potentially examine the odds out of a couple of events, where odds of a meeting equals the possibility-the-event-happens separated by the possibilities-it-does-not-can be found. (more…)