Tag: Data Cleansing

Advanced Analytics | Analytics | Data Management | Data Visualization
Charlie Chase 0
Misnomers regarding outliers and their usefulness in statistical modeling

Outliers provide much-needed insights into the actual relationships that influence the demand for products in the marketplace. They are particularly useful when modeling consumer behavior where abnormalities are common occurrences or unforeseen disruptions that impact consumer demand. But why do demand planners cleanse out outliers, when many are not really