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  1. Aug 30, 2024 · An Outlier is a data item/object that deviates significantly from the rest of the (so-called normal) objects. Identifying outliers is important in statistics and data analysis because they can have a significant impact on the results of statistical analyses. The analysis for outlier detection is referred to as outlier mining.

  2. Aug 12, 2024 · They can be caused by measurement or execution errors. The analysis of outlier data is referred to as outlier analysis or outlier mining. Types of Outliers . There are two main types of outliers: Global outliers: Global outliers are isolated data points that are far away from the main body of the data. They are often easy to identify and remove.

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  3. Sep 13, 2023 · Depending on their characteristics, outliers can be classified into several types, highlighting the followings: Univariate outliers — They are unusual data points based on a single variable. Multivariate outliers — They are based on the relationship between at least two variables. These are data points that may not be considered outliers ...

  4. May 22, 2018 · import numpy as np z = np.abs(stats.zscore(boston_df)) print(z) Z-score of Boston Housing Data. Looking the code and the output above, it is difficult to say which data point is an outlier. Let’s try and define a threshold to identify an outlier. threshold = 3.

  5. Sep 13, 2024 · Outlier detection and removal is a crucial data analysis step for a machine learning model, as outliers can significantly impact the accuracy of a model if they are not handled properly. The techniques discussed in this article, such as Z-score and Interquartile Range (IQR), are some of the most popular methods used in outlier detection.

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  6. Jul 17, 2023 · Capping involves setting the values of outliers to a specified upper or lower limit. This is done in order to reduce the impact of outliers on statistical analysis or machine learning models. The capping method is useful when the outliers are believed to be due to measurement errors or data entry errors.

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  8. Jul 5, 2022 · One approach to outlier detection is to set the lower limit to three standard deviations below the mean (μ - 3 σ), and the upper limit to three standard deviations above the mean (μ + 3 σ). Any data point that falls outside this range is detected as an outlier. As 99.7% of the data typically lies within three standard deviations, the number ...

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