Outlier Detection
Consider the student exam scores scenario which contains some outliers
IQR method
This method identifies outliers based on the quartiles of the data.
It is more resistant to outliers than the mean-based methods like Z-score, making it better suited for skewed data like exam scores where a few high scores can significantly impact the mean.
Z-score method
This method identifies outliers based on their standard deviation from the mean.
However, it can be influenced by outliers itself, leading to inaccurate outlier detection when the data is skewed.
In this scenario, the presence of a few high scores can inflate the standard deviation, potentially masking other outliers or misidentifying valid data points as outliers.
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