CryptoWizardry
Thu Jul 11 2024
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6 answers
1463
How can a logistic regression model predict Bitcoin prices?
Could you elaborate on how a logistic regression model could potentially be utilized to predict Bitcoin prices? I understand that logistic regression is typically used for classification tasks, but how would one adapt it for a regression problem like forecasting Bitcoin's fluctuating value? Wouldn't other regression techniques, such as linear or polynomial regression, be more suitable? If logistic regression is indeed a viable option, what would be the key steps in building such a model? And how would you assess its accuracy and reliability in predicting Bitcoin prices?
