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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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 ...
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The solution explains concept of variable transformations.
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