What is an Outlier?

In this video, we dive into the concept of outliers in statistics and data analysis. Outliers are data points that significantly differ from the rest of the dataset, and they can have a major impact on your results. But how do you identify them, and what should you do once you find them?

📊 Topics Covered:

What are outliers in statistics?
Why outliers occur and their effects on data analysis
Methods to detect outliers (Z-score, IQR, Boxplot, etc.)
How to handle outliers (removal, transformation, or adjusting your analysis)
Real-world examples of outliers in datasets
Whether you're working on a school project, preparing for exams, or performing data analysis in the real world, this video will help you understand the importance of recognizing and managing outliers effectively.

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#Statistics #DataAnalysis #Outliers #DataScience #MachineLearning