What's the difference between Normalization and Standardization?

[User15787040559]

Normalization typically means rescales the values into a range of [0,1].

Standardization typically means rescales data to have a mean of 0 and a standard deviation of 1 (unit variance).

[User16826994223]

Normalization typically means rescales the values into a range of [0,1]. Standardization typically means rescales data to have a mean of 0 and a standard deviation of 1 (unit variance).

A link which explains better is -

https://towardsdatascience.com/normalization-vs-standardization-quantitative-analysis-a91e8a79cebf