Logistic Distribution - rFronteddu/general_wiki GitHub Wiki
X~Logistic(μ, S): "X follows a Logistic distribution with mean mu and scale S."
- Often used to evaluate how continuous input affects a binary output (such as forecasting outcomes)
- Mu determines the center of the distribution while S how spread it is.
- Once we reach near the mean, probability drastically goes up.
- The smaller the scale, the later the graph picks up.
- E(Y) = μ
- Var(X) = $\frac{{πσ}^2}{3}$