AI and Business
Outlier detection is the process of identifying data points that significantly deviate from the majority of data within a dataset. These outliers can indicate anomalies, errors, or interesting variations that could provide valuable insights for data analysis. Detecting outliers is crucial during data preprocessing as they can skew statistical analyses and mislead machine learning models, making it important to address them appropriately in feature engineering.
congrats on reading the definition of Outlier Detection. now let's actually learn it.