Model, Estimate, Predict, Classify. Model the probability of an event occurring depending on the values of the independent variables. Estimate the probability that an event occurs for a selected observation and the probability that the event does not occur. Predict the effect of a time series of variables on a binary response variable. Classify observations by estimating the probability that an observation is in a particular category. This text is from a YouTube video https://youtu.be/zAULhNrnuL4?t=413