Understanding Outliers
You can clearly see which one stands out Today's post is inspired by a question one of my colleagues had around outliers: Are there different types? And to that question, the simple answer is yes! As data professionals, we often encounter data points that stand out like a sore thumb during analysis, leaving us wondering what to do with them. In most cases, deletion seems like the obvious choice. However, I believe we need to pause and take a closer look at these points before removing them. You see, during Exploratory Data Analysis (EDA for short), asking the right questions about the dataset is crucial to uncovering its full story. Deleting an outlier just because it stands out can create a narrow, myopic view of the data, limiting the depth and value of the insights you can gain. Rather than rushing to remove outliers, consider what they might reveal. Could they signal an emerging trend, an unusual but important event, or even a data collection issue? With t...