Hi everyone. I have applied multiple logistic regression to create a model based on my independent parameters (x, y & w). My generated model function is Z=ax+by+cw-d where Z is an exponential term including the probability of the occurrence of my dependent parameter (Z=exp(P)/(exp(p)+1)), and all of the parameters are binary.
Now in order to interpret the output, I have calculated the probability of the occurrence of my dependent variable, for all values of all possible permutations of the variables as follow:
1: x=0, y=0, w=0 ------> P=0.74%
2: x=0, y=1, w=0 ------> P=2.3%
3: x=1, y=0, w=0 ------> P=1.35%
4: x=1, y=1, w=0 ------> P=4.14%
5: x=0, y=0, w=1-------> P=1.65%
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8: x=1, y=1, w=1------> P=8.83%
Since the sign of all coefficients (a, b & c) is positive, apparently the highest probability occurs when x, y and w be 1. But in this case the probability got its highest value as only 8.8%. Is this result rational?
And how can I interpret the magnitude of each independent parameter? Can I say that since all the variables are binary and have a positive coefficient, a variable with bigger coefficient have bigger impact on the probability derived from Z?
Thank you all in advance for your kind replies.