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Scaling two sales variables for regression

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Occasional Contributor
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Scaling two sales variables for regression

Hi all,

 

I'm hoping someone can help answer this please.

I'm building a regression model on my several million consumers, the objective is to forecast future spend (target). The problem I'm faced with is my conglomorate business offers a range of products and services so the sales values differ from one business to the next but each consumer can trade in one of many businesses. So a Food consumer can also trade in Electrical, and so on ..

I'd like to standardise (or scale) the sales variables for these businesses so that I can feed these into the independent list of variables for regression. How do I go about doing this please?

 

Any advice is welcome!

 

Thanks

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Re: Scaling two sales variables for regression

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