Definition: Odds ratio

Category: Living conditions

Compares the degree of advantage/ disadvantage of particular groups with regard to a variable. Odds ratios show the ratio of entry/exit rate to the specified reference group (usually the one which has the lowest entry/exit rate). Odds are also used to represent findings of logistic regression models where they refer to the estimated probabilities to enter/exit poverty risk http://ec.europa.eu/eurostat/ramon/coded_files/KS-BP-02-008-EN.pdf