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can someone explain to me how to determine if I have outliers and if I do have outlier?
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Answer #1

We can detect outliers using IQR as well as Boxplot.

Outlier detection using IQR :

Any data points below the (first quartile - 1.5×IQR ) and above the (Third quartile + 1.5×IQR) is considered as outliers in the data.

eg. Here IQR= 94.75, first quartile Q1= 28.5 and third quartile Q3= 123.25 so data points below the (28.5-(1.5×94.75)) and (123.25+(1.5×94.75)) is considered as outliers.

Outlier detection using Boxplot :

Points on the Boxplot that are outside outside of the whiskers i.e. far away from the minimum or maximum.

* Boxplot * outlier Median Q2 outliers * Min. Max

Hope this answers your question. If you understood, please rate positively. If you have any doubts please do comment.

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