I am running panel regression with one of the independent variables being GDP p.c.. Given that I have decided to standardize GDP p.c., shall I also do logarithm transformation?
In case that they can be done together, should logarithm transformation be done before or after standardization?
Thank you very much!
In case that they can be done together, should logarithm transformation be done before or after standardization?
Thank you very much!
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