A Box-Cox Power Transformation allows you to transform data to match a normal distribution. It is not a guarantee of normality. It is a quick way of transforming data to better fit a control chart.

The normal distribution is a concept in statistics that assumes all values are distributed in the same pattern. It requires symmetry and consistent proportions in the distribution of values. Normal ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...