I am reading the book "An introduction to statistical learning with applications in R". I am reading Logistic Regression and I don't understand why when it's compared to linear regression model, the author said that "the problem with this approach: for balances close to zero we predict a negative probability of default; if we were to predict for very large balances, we would get values bigger than 1." as in the highlight. Could anyone please explain me how the probability can be smaller than 0 or larger than 1?
Your help is really appreciated!