How do different outlier detection methods compare in various data sets?
Outliers can significantly skew your data analysis and predictive modeling. Understanding the differences between various outlier detection methods is crucial in data science. These methods range from simple statistical tests to complex machine learning algorithms. Each has its strengths and weaknesses depending on the type of dataset you're dealing with—whether it's univariate or multivariate, and whether the dataset is large or small, dense or sparse. Knowing which method to apply can save you from drawing erroneous conclusions from your data.
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Sama SowmyaBS(hons) Data science || Trainee at Accenture India
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Serhat Simsek, Ph.D.Data Scientist - Statistician | Co-Founder & CEO | Award-Winning ML Expert | PhD in Mathematics and Statistics |…
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Rafael Matos, MSc.Lead Data Scientist at Neon | Credit Risk Modeling | IFRS 9 | Loan Loss Provisions | Quantitative Finance | Retail…