Statistics, Data Science, Analytics, Business Intelligence, Machine Learning.
fixed for all i, but θ changes with i. When X is fixed, we fit a single function while θ determines the cutoff points. Here’s the problem and intuition. Probability must sum to 1. Imagine a stick of length 1, and we have an ordinal variable y in {1, 2, 3, 4, 5}. We want to break the stick into 5