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Understanding Outliers: A Key to Robust Data Analysis

  • Outliers can have a significant impact on data analysis, affecting accuracy and risk identification.
  • Various methods, such as visualization techniques, statistical methods, and machine learning models, can be used to detect outliers.
  • Outliers have several use cases, including fraud detection, healthcare analytics, customer insights, manufacturing, and climate analysis.
  • Dealing with outliers involves determining their value, applying transformations, or removing them based on their relevance to the analysis goal.

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