From Applied Logistic Regression, 2nd Edition. Hosmer and Lemeshaw.
This is why you can exponentiate the co-efficients from logistic regression to derive the odds ratio- note we start out with calculating the odds given X =1 and divide that by the odds given X = 0 for exp( Bo + B1X ). See logistic regression and the calculation and interpretation of odds ratios and analysis of the logistic function for more details.
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