Standardize

(1) To transform a variable to standard form; that is, to make the mean of the frequency distribution equal to zero and the standard deviation equal to one. (2) To adjust, for appraisal purposes, reported data such as income and expenses, so as to remove the effects of non – Real estate factors, such as abnormally good or bad management, weather, and the like. The more common term for this adjustment process is “normalization.”