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A statistical bulletin is a short summary of findings and essential commentary related to a new release of data. Provide easy links to data. Include only the most important information.
Trim the data set, but replace outliers with the nearest good data, as opposed to truncating them completely. (This called Winterization.) Replace outliers with the mean or median (whichever better represents for your data) for that variable to avoid a missing data point.
Given the problems they can cause, you might think that it's best to remove them from your data. But, that's not always the case. Removing outliers is legitimate only for specific reasons. It's essential to understand how outliers occur and whether they might happen again as a normal part of the process or study area.
Identify the point furthest from the mean of the data. Determine whether that point is further than 1.5×IQR away from the mean. If so, that point is an outlier and should be eliminated from the data resulting in a new set of data.
Third you may have a very small data set and the model you choose is greatly affected by the outliers. In this case you must be careful because the outcome is significantly different if outliers are included. If the outliers don't reflect reality because they are mistakes then delete them.
Outlier An extreme value in a set of data which is much higher or lower than the other numbers. Outliers affect the mean value of the data but have little effect on the median or mode of a given set of data.
If you drop outliers: Don't forget to trim your data or fill the gaps: Trim the data set. Set your range for what's valid (for example, ages between 0 and 100, or data points between the 5th to 95th percentile), and consistently delete any data points outside the range.
A point that falls outside the data set's inner fences is classified as a minor outlier, while one that falls outside the outer fences is classified as a major outlier. To find the inner fences for your data set, first, multiply the interquartile range by 1.5. Then, add the result to Q3 and subtract it from Q1.
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