What are outliers in sales data and how can I identify them?
An example of an AI chatbot conversation about understanding outliers in sales data.
What are outliers in sales data and how can I identify them?
Outliers in sales data are data points that differ significantly from other observations. They can indicate errors or unique events.
How can I detect these outliers in my dataset?
You can use statistical methods like the Z-score or IQR (Interquartile Range) to identify outliers.
What should I do if I find outliers?
You can investigate the cause of the outliers, decide whether to remove them, or analyze them separately for insights.
Can outliers be beneficial for my analysis?
Yes, outliers can reveal important trends or anomalies that may lead to valuable insights in your sales strategy.
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