Identifying outliers: The first step is to identify the outliers. This can be done manually or by using statistical methods. Some common methods for identifying outliers include: The interquartile range (IQR): The IQR is a measure of the spread of data. To calculate the IQR, first find the first and third quartiles of the data. The IQR is the difference between the third and first quartiles. Data points that are more than 1.5 times the IQR away from the nearest quartile are considered outliers. The z-score: The z-score is a measure of how far a data point is from the…
Sriram ParameswaranMay 3, 2023