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Reducing biases through variable transformation

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Please explain the concept of variable transformations and how these can reduce the bias in the results of your regression analysis?

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The solution explains concept of variable transformations.

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Please explain the concept of variable transformations and how these can reduce the bias in the results of your regression analysis?

Transforming a variable involves using a mathematical operation to change its measurement scale. In other words, there are two kinds of transformations.

1. Linear transformation. A linear transformation preserves ...

Solution provided by:
Chris Busu, PhD (IP)
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  • BSc, University of Bucharest
  • MSc, Ovidius
  • MSc, Stony Brook
  • PhD (IP), Stony Brook
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