What are the common causes of outliers in sales?
An example of an AI chatbot conversation about common causes of outliers in sales.
What are the common causes of outliers in sales?
Common causes of outliers in sales include seasonal trends, pricing errors, promotional events, and data entry mistakes.
Can you explain how seasonal trends affect sales outliers?
Seasonal trends can lead to spikes or drops in sales during specific times of the year, creating outliers in the data.
What role do promotional events play in creating sales outliers?
Promotional events can significantly boost sales, leading to outliers as customers respond to discounts or special offers.
How can I identify these outliers in my sales data?
You can identify outliers by using statistical methods like Z-scores or IQR, or by visualizing data with box plots.
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