Question: It is usually difficult to compare the coefficients for different variables directly because they are measured on different scales. Therefore, it can be advantageous to
It is usually difficult to compare the coefficients for different variables directly because they are measured on different scales. Therefore, it can be advantageous to transform the variables so that they are on the same scale. The most straightforward approach is to
take the base of the dependent variable
take the natural of all of the independent variables
standardize the variables
transform all of the variables with the square root transformation
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