Data Range
Create a function to compress data into a specific range of values.
We'll cover the following...
Chapter Goals:
- Learn how to compress data values to a specified range
A. Range scaling
Apart from standardizing data, we can also scale data by compressing it into a fixed range. One of the biggest use cases for this is compressing data into the range [0, 1]. This allows us to view the data in terms of proportions, or percentages, based on the minimum and maximum values in the data.
The formula for scaling based on a range is a two-step process. For a given data value, x, we first compute the proportion of the value with respect to the min and max of the data dmin and dmax, respectively).
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