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How you can make data normal using Box-Cox transformation?
in Data Science & Statistics by Bronze Status (8,796 points) | 58 views

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The Box-Cox transformation procedure is applied to identify an appropriate exponent Lambda (l) to use in order to transform the available data into a normal shape. This Lambda value shows the power to which all the data should be raised to achieve normality.

The procedure searches for the best value between Lambda = -5 to Lambda = +5. It stretches out the smaller variance range and shrinks the large variance range, thereby transforming the data to be more normal.

 

by Diamond (43,254 points)

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