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st: Transforming Inflation


From   ajjee <[email protected]>
To   [email protected]
Subject   st: Transforming Inflation
Date   Fri, 25 Mar 2011 11:40:45 -0700 (PDT)

Dear All

My question is not related to Stata but I have a technical problem in
computing a variable. In estimation, normally we transform our inflation
variable to reduce the influence of extreme observations by the formula:

transformed_inflation=(inflation)/(1+inflation)  or sometime
transformed_inflation=(inflation/100)/((1+inflation)/100)

But if the value of the variable is negative, say (-1.0666355), the
resultant value is (16.00701) by the first formula which is misleading. What
should be done in this situation?

Regards,

ajjee
 

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