Yes, it is pretty simple. First you have to see if you have a half wave rectifier (50/60Hz) or full wave (100/120Hz).
You then start with a very simple assumption - that the capacitor will charge only at the very peak of the waveform and will be discharging for the rest of the cycle.
For a full wave rectifier, this means that the capacitor will be discharging for 1/120 = 8.3333mS.
Next you need to know the load current you need - the voltage does not matter much. So say the maximum load is 0.5A.
To get a voltage drop Vdrop at a current Imax, the formula will be C = Tperiod *Imax / Vdrop. ( from I = C * dV/dT)
So for a 3V drop, that means C = 0.0083333 * 0.5/( 3) = 1400uF
Now in practice, the actual drop will be less then this as the resistance of the transformer winding will extend the period of conduction to perhaps 25% of the cycle In this case, you could get away with a capacitor that is 3/4 of the calculated capacitor, but seeing the tolerance of electrolytic capacitors is about 20% at best, it is not a bad ide to just use the calculated value.
The other aspect is that electrolytic capacitors can degrade with age, so it is not a bad idea giving yourself an extra margin .
Richard.