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binary regression

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Can anyone advise me on whether binary regression is better than using the ranking in regression ?

for example if we use speed as a factor and there are 10 runners in the race instead of using ranked order of 1 to 10,   being 1 is fastest and 10 is slowest

can we take the mean as a cutoff and allot 1 for first 5 and 0 for last 5 ?

Which method is better ?


Edited by modelman
spell error

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