Outliers are data points that are far from other data points. In other words, they’re unusual values in a dataset. Outliers are problematic for many statistical analyses because they can cause tests to either miss significant findings or distort real results.
Unfortunately, there are no strict statistical rules for definitively identifying outliers. Finding outliers depends on subject-area knowledge and an understanding of the data collection process. While there is no solid mathematical definition, there are guidelines and statistical tests you can use to find outlier candidates. [Read more…] about 5 Ways to Find Outliers in Your Data