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Ordinal (ordered) logistic regression model. Used to model an ordered response â for example, low, medium, or high. Might also be called the ordinal multinomial logit model. Ordinal logistic models take into account the ordered nature of the response, which can result in simple, more powerful models.
How many types of regression techniques do we have? There are various kinds of regression techniques available to make predictions. These techniques are mostly driven by three metrics (number of independent variables, type of dependent variables and shape of regression line). Weâll discuss them in detail in the following sections.