← Boston Consulting Group Interview Insights
The code part was fine, sklearn makes it pretty straightforward.
Start by clearly stating the code to apply StandardScaler to age and MinMaxScaler to income, then explain the conceptual difference: standard scaling centers data around mean 0 with unit variance, while min-max normalization rescales to a fixed range [0,1]. Finally, discuss when to choose each based on algorithm assumptions, data distribution, and presence of outliers.
Pro tip: Mention that min-max normalization is sensitive to outliers because it uses the min and max, so if income has extreme values, standard scaling might be safer. Also, note that standard scaling is often preferred for algorithms that assume normally distributed data, like linear models and PCA.
Use sklearn's StandardScaler on the age column and MinMaxScaler on the income column. Show code or describe the steps: fit on training data, transform both train and test sets.
Standard scaling subtracts the mean and divides by standard deviation, resulting in a distribution with mean 0 and variance 1. It preserves the shape of the original distribution.
Min-max normalization subtracts the minimum and divides by the range (max - min), scaling values to a fixed interval, typically [0,1]. It preserves the relationships among values but is sensitive to outliers.
Choose standard scaling when the algorithm assumes normally distributed data (e.g., linear regression, logistic regression, PCA) or when outliers are present but not extreme. Choose min-max when you need bounded values (e.g., neural networks with sigmoid activation) or when the algorithm is distance-based and you want to preserve zero entries (e.g., some clustering).
Discuss the impact of outliers, distribution shape, and the specific algorithm's assumptions. For example, tree-based models are invariant to scaling, so it may not matter.
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