What are the three components of a generalized linear model?
A GLM consists of three components: A random component, A systematic component, and.
A link function..
What is the difference between general linear model and generalized linear model?
The general linear model requires that the response variable follows the normal distribution whilst the generalized linear model is an extension of the general linear model that allows the specification of models whose response variable follows different distributions.
Why we use log linear model?
If you use natural log values for your dependent variable (Y) and keep your independent variables (X) in their original scale, the econometric specification is called a log-linear model. These models are typically used when you think the variables may have an exponential growth relationship.
Is logistic regression a generalized linear model?
The short answer is: Logistic regression is considered a generalized linear model because the outcome always depends on the sum of the inputs and parameters. Or in other words, the output cannot depend on the product (or quotient, etc.)