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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. May 11, 2023 · Use a function to find the outliers using IQR and replace them with the mean value. Name it impute_outliers_IQR. In the function, we can get an upper limit and a lower limit using the .max () and .min () functions respectively. Then we can use numpy .where () to replace the values like we did in the previous example.

  4. Jun 17, 2024 · Outlier detection is a process of identifying observations or data points that significantly deviate from the majority of the data. These observations are often referred to as outliers because they “lie outside” the typical pattern or distribution of the data. These outliers can skew and mislead the results of data analyses and predictive ...

  5. Sep 13, 2023 · Upper Limit = Q3 + (k * IQR) Where Q1 is the first quartile and Q3 is the third quartile. The most common value for the k factor is 1.5, although a factor of 3 or higher can also be used to identify extreme outliers. Values below the lower limit or above the upper limit are considered outliers.

  6. Oct 11, 2023 · They can arise due to variability in the data, errors in measurements, or anomalous occurrences outside the normal behavior. Identifying and properly handling outliers is an important part of data cleaning and preprocessing. This guide provides a comprehensive overview of techniques for detecting and addressing outliers in Python.

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  8. 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.