What is the process of subtracting the mean of each variable from its variable calle?
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The process of subtracting the mean value from the variable is called as ‘Centering’ the variable.
A standardized variable is the one which has standard deviation as one and mean as zero
Another similar concept is ‘Standardization’ in which the mean is subtracted from variable and then divided by standard deviation.
In Regression analysis, a mean centered variable is a variable which has mean equal to zero.
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