Odds Ratios and Log(Odds Ratios), Clearly Explained!!! | Summary and Q&A

TL;DR

In this video, the concept of odds ratios and log odds ratios is explained, along with their significance in determining relationships between different variables.

Key Insights

• 🥳 Odds ratios are used to measure the relationship between two variables, while log odds ratios provide a symmetrical representation of this relationship.
• 🥳 Significant odds ratios indicate a strong relationship between variables.
• 🏆 Different statistical tests can be used to determine the significance of odds ratios, including Fisher's exact test, chi-square test, and the Wald test.
• 🥳 Confidence intervals can be calculated using the log of the odds ratio in logistic regression.

Transcript

static quest is on my mind all night long static quest hello I'm Josh stormer and welcome to stack quest today we're going to talk about odds ratios and log odds ratios and they're gonna be clearly explained the stack quest on odds and the log of the odds ended in a cliffhanger we talked about how the odds are just the ratio of something happening ... Read More

Questions & Answers

Q: What is the difference between odds ratios and log odds ratios?

Odds ratios are the ratio of the odds of an event happening to the odds of it not happening, while log odds ratios are the logarithm of the odds ratio. Log odds ratios provide a symmetrical representation of the relationship between variables.

Q: How can odds ratios be used to determine the significance of a relationship between variables?

Odds ratios can be used to determine if there is a strong or weak relationship between two variables. If the odds ratio is close to 1, there is no significant relationship, but if it is significantly different from 1, it indicates a strong relationship.

Q: What statistical tests can be used to determine the significance of odds ratios?

Fisher's exact test, chi-square test, and the Wald test are commonly used to determine the significance of odds ratios. The choice of test may vary depending on the field and preference of researchers.

Q: How can the log of the odds ratio be used to calculate a confidence interval?

The log of the odds ratio can be used in logistic regression to calculate a confidence interval. By determining how many standard deviations the log of the odds ratio is away from zero, a precise two-sided p-value can be calculated.

Summary & Key Takeaways

• Odds ratios and log odds ratios are ratios used to measure the relationship between two variables.

• The odds ratio is the ratio of the odds of an event happening to the odds of it not happening.

• The log of the odds ratio provides a symmetrical representation of the relationship between variables.