Predictor: Odds Probability

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Predictor Odds Probability

35 120%
5 1.50 0.60
10 3.00 0.75
15 4.50 0.82 30
100%
20 6.00 0.86
25 7.50 0.88
25
30 9.00 0.90 80%
35 10.50 0.91
40 12.00 0.92 20

Probability
45 13.50 0.93 60%

Odds
50 15.00 0.94
15
55 16.50 0.94
60 18.00 0.95 40%
65 19.50 0.95 10
70 21.00 0.95
75 22.50 0.96 20%
5
80 24.00 0.96
85 25.50 0.96
90 27.00 0.96 - 0%
5

5
15

25

35

45

55

65

75

85

95
10
95 28.50 0.966
100 30.00 0.968
Predictor
105 31.50 0.969
110 33.00 0.971
Odds Probability
120%
Probability = Odds / (1 + Odds)

100%

80%
Probability

60%

40%

20%

0%
5
10
So we can use a predictor variable (or predictor variables) to predict odds and let the predicted odds go to infinity if need be.

As the predictor value moves up toward 100, the predicted probability moves past 100%

But the predicted odds approach 30 and don't quite get to that level

Then, we can convert those odds to probabilities and be sure that the result will not exceed 100%

The next lesson shows how we get accurate predictions while preventing the predicted probability from falling below 0%.
odds go to infinity if need be.

ity from falling below 0%.

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