S4E17 Variable Transformations: Box-Cox, Fox in Socks
Quantitude
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Nonlinear Power Transformations - What Are Your Motivations?
The motivation for going into this is to address potential nonlinearity in a general linear model. So the classic we've all been exposed to is you have a distribution of income, but then you have way higher upper than 1%. C on Trump and on 1964 Jeffrey, Jeffrey Bezos. Well that pulls the mean because they've got leverage out the wazoo,. You slap a square root or a natural log and it says, hey guys, it's all sway down there at the 10 million a year. I need you to come join the rest of us.
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