Difference between Standard scaler and MinMaxScaler

Question

What is the difference between MinMaxScaler and standard scaler.

MMS= MinMaxScaler(feature_range = (0, 1)) ( Used in Program1)

sc = StandardScaler() ( In another program they used Standard scaler and not minMaxScaler)

Answer 1

Standardscaler:

1.In Standardscaler, it assumes that data has normally distributed features and will scale them to zero mean and 1 standard deviation.

2.All the features will be of the same scale after applying the scaler.

Minmaxscaler :

1.Minmaxscaler  shrinks the data within the range of -1 to 1(if there are negative values)

2. This responds well if standard deviation is small and  is used when distribution is not Gaussian.This scaler is sensitive to outliers.

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