Cox Regression is suitable for time-to-event data. See the examples below –
1. Time from customer opened the account until attrition.
2. Time after cancer treatment until death.
3. Time from first heart attack to the second.
Logistic regression uses a binary dependent variable but ignores the timing of events.
As well as estimating the time it takes to reach a certain event, survival analysis can also be used to compare time-to-event for multiple groups.
Dual targets are set for the survival model
1. A continuous variable representing the time to event.
2. A binary variable representing the status whether event occurred or not.
# Lung Cancer Data
# status: 2=death