Question: If time series has data that describes total income per year across past seven decades, how can we deal with the issue that 1 9
If time series has data that describes total income per year across past seven decades, how can we deal with the issue that had a much higher value for a dollar than today? Assume you have access to consumer price index
A Normalize the data using zscore.
B Normalize the data by taking log of the data.
C Normalize the data by doing Power Transformation.
D None of the choices.
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