A logarithmic transformation is often applied to datasets with outliers, as it compresses the data range, bringing outliers closer to the central data values. This approach is particularly useful for highly skewed data, as it minimizes the impact of extreme values on the overall analysis. Unlike simply removing or replacing outliers, which might distort the data or lose valuable information, a logarithmic transformation allows for retaining all values while reducing the skewness and making the data more normal-like for statistical analysis. Log transformation is a powerful tool for handling outliers without compromising the integrity of the dataset. The other options are incorrect because: • Option 1 is inaccurate; removing outliers may lead to loss of information, especially if these values are genuine and insightful. • Option 2 can reduce variability but may distort data accuracy, particularly if the mean is not representative of most data. • Option 4 suggests ignoring outliers, which can misrepresent results as extreme values may influence key insights if left unaddressed. • Option 5 confuses duplicates with outliers, as duplicates do not represent extreme values and require a separate approach.
Which of the following states does the Tropic of Cancer not pass through?
The total number of ministers, including the Chief Minister, in the council of ministers in a state CANNOT exceed _________ of the total number of membe...
Which of the following options accurately describes the ISIN code assigned by SEBI?
Kanya Sumangala Yojana was was launched in Uttar Pradesh to promote __________.
After the death of Guru Gobind Singh in 1708, the Khalsa revolted against the Mughal authority under the leadership of ______.
What is the exit load for the Motilal Oswal Nifty India Defence Index Fund if redeemed within 15 days of allotment?
Following are the characteristics of an area in India:,
1. Hot and humid climate,
2. Annual rainfall 200 cm,
3. Hill slopes up to a...
The Vodafone Idea has raised a special resolution of issue of equity shares worth _____ to the group firms of promoters of Vodafone and Aditya Birla gro...
Recently which of the following countries has elected as a member in “UNESCO 2003 Convention for the safeguarding of the intangible cultural heritage ...
The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on ________.