Gretl Tutorial 5: Forecasting and Confusion Matrix

This tutorial employs Gretl to forecast the probability of a binary dependent variable being equal to 1 after running a logistic regression model. We then use the predicted probabilities to construct a confusion matrix. TABLE OF CONTENTS: 00:00 Introduction 00:13 What we do in this video 01:37 Confusion Matrix 03:23 Load Data and Run Model 04:33 Run Forecast 05:21 Store Forecast (p_hat) 06:04 Creating Predicted Dependent Variable (y_hat) 08:32 Cross Tabulation 10:08 Changing the Decision Threshold 11:56 Forecast a New Observation