Logistics Regression on Economic Development
Last lesson of Regression Modelling in Practice… If you have been following along with my work, you will know that I am interested in the relationship between urbanization and economic development and am posing the general question of whether urbanization drives economic growth? Through the past two courses, Data Analysis Tools and Data Management and Visualization, I looked at the correlation between urbanization and economic development and established that there was a correlation between urban population and GDP per capita. For this last assignment in the course Regression Modelling in Practice, I am again examining GDP per Capita as the response variable. I am using the new data set I created in the last assignment from Gapminer, which as I explained, holds a more complete set of data if I used the year 2007 instead of 2010. As a logistic regression is performed on a categorical response variable with two levels and multiple explanatory variables, I had to bin GDP per Capita into two and recode them: 0 = Countries with a GDP per Capita less than …