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
Please look at the examples and documentation for PROC STANDARD as well as PROC STDIZE.
Proc Standard
http://support.sas.com/documentation/cdl/en/proc/61895/HTML/default/viewer.htm#a000146749.htm
Proc Stdize
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