How do I handle outliers in my dataset?
An example of an AI chatbot conversation about handling outliers in data analysis.
How do I handle outliers in my dataset?
Handling outliers can be crucial for accurate data analysis. What type of data are you working with?
I'm working with a dataset of house prices.
For house prices, you might consider using methods like Z-score, IQR, or visualizations like box plots to identify outliers.
Can you explain the IQR method?
Sure! The IQR method involves calculating the interquartile range (IQR) and identifying values that fall below Q1 - 1.5IQR or above Q3 + 1.5IQR.
What should I do with the outliers once I find them?
You can either remove them, transform them, or analyze them separately, depending on your analysis goals.
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