Feature Scaling and Normalization

standardization: z=(x−μ)/σ

Min-Max Scaling: Xnorm=(X−Xmin)/(Xmax−Xmin)

“Standardization or Min-Max scaling?” - There is no obvious answer to this question

Min-Max scaling: A popular application is image processing, where pixel intensities have to be normalized to fit within a certain range (i.e., 0 to 255 for the RGB color range). Also, typical neural network algorithm require data that on a 0-1 scale.