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The sample odds ratio n 11 n 00 / n 10 n 01 is easy to calculate, and for moderate and large samples performs well as an estimator of the population odds ratio. When one or more of the cells in the contingency table can have a small value, the sample odds ratio can be biased and exhibit high variance .
In probability theory and computer science, a log probability is simply a logarithm of a probability. [1] The use of log probabilities means representing probabilities on a logarithmic scale ( − ∞ , 0 ] {\displaystyle (-\infty ,0]} , instead of the standard [ 0 , 1 ] {\displaystyle [0,1]} unit interval .
The name Log5 is due to Bill James [1] but the method of using odds ratios in this way dates back much farther. This is in effect a logistic rating model and is therefore equivalent to the Bradley–Terry model used for paired comparisons , the Elo rating system used in chess and the Rasch model used in the analysis of categorical data.
The log diagnostic odds ratio can also be used to study the trade-off between sensitivity and specificity [5] [6] by expressing the log diagnostic odds ratio in terms of the logit of the true positive rate (sensitivity) and false positive rate (1 − specificity), and by additionally constructing a measure, :
For a continuous independent variable the odds ratio can be defined as: The image represents an outline of what an odds ratio looks like in writing, through a template in addition to the test score example in the "Example" section of the contents. In simple terms, if we hypothetically get an odds ratio of 2 to 1, we can say...
If p is a probability, then p/(1 − p) is the corresponding odds; the logit of the probability is the logarithm of the odds, i.e.: = = = = (). The base of the logarithm function used is of little importance in the present article, as long as it is greater than 1, but the natural logarithm with base e is the one most often used.
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The simplest measure of association for a 2 × 2 contingency table is the odds ratio. Given two events, A and B, the odds ratio is defined as the ratio of the odds of A in the presence of B and the odds of A in the absence of B, or equivalently (due to symmetry), the ratio of the odds of B in the presence of A and the odds of B in the absence of A.