In: Operations Management
Briefly describe how you would go about normalizing data
Normalizing Data
The word of normalization is used informally in statistics, and so trem normalized data can be have multiple meaning. in most cases, when you normalize data you eliminate the units of measurement of data, enabling you to more easily compare data from different places.
Common way to normalize data :
1. Transforming data using a z-score or t-score
This is usually called standardization. in the vast majority of cases, if a statistics taxbook is talking about normalizing data, then this is definition of normalization they are probably using.
2. Rescaling data have values between 0 and 1.
This is called feature scaling. the formula is ...
3. Standardizing residuals
Ratios used in regression analysis can force residuals into the shape of a normal distribution
4. Normalizing Moments
5. Normalizing vectors (in linear algebra) to a norm of one.
Normalization in this sense means to transform a vector so that it has length of one.
Statisticshowto.com.Normalized Data,https://www.statisticshowto.com/normalized/