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  • Normalizing variable over particular percentage of population

    Hi,

    What is the best method to normalize a variable over certain percentage of population. I am talking about panel data here.


    Let's say that there were 2000 incidents happened in a country A and in year 2005. The total population was 2,000,000. I want to normalize this incident rate over 100,000 population that year.

    Hope that is clear.


    Looking forward to your answers.






  • #2
    Could you do per-capita, or per-100k residents?

    i.e. take accidents/population
    or
    (accidents/population)*100,000

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    • #3
      Thanks a lot Eli Mogel

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