standarized scores

ath

New Member
#1
hi,

i am new to statistics.:confused: My question is that i am having a study on the relation of firms size(no. of employees) and their R&D spending. Is it necessary to standarize the firm's size variables?and if yes why?

thank you
 
#2
it will depend on your research objective.
if you are doing the research in one sector only, you dont need to standardise.
if you are doing it across sectors ( eg manufacturing/ pharma/ hospitality) you might need to standardise, more details of your objective should get you a more specific answer

Shine on!