Question: Compare Unit Normal Scaling and Unit Length Scaling. Quantify the difference and suitability of the two approaches. Describe two scenarios in which you will use

Compare Unit Normal Scaling and Unit Length Scaling. Quantify the difference and suitability of the two approaches. Describe two scenarios in which you will use the two approaches to scaling and the justification.

Helpful resource: http://home.iitk.ac.in/~shalab/econometrics/Chapter3-Econometrics-MultipleLinearRegressionModel.pdf

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Compare Unit Normal Scaling and Unit Length Scaling and quantify the difference and suitability of the two approaches

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