About us Privacy Disclaimer Contact us
Home FAQ Advertising Feedback

  You are here: Home > Business terms > Outlier

Term: Advertising -> Outlier
Term:

Outlier

Definition:

Atypical data occurring at the tails of a normal distribution. Frequently outliers are removed to minimize their effects. For example, in research where 300 interviews are conducted and 299 respondents buy less than five times a week, the one respondent who is purchasing 30 times a week may be removed to suppress his excessive weight in measures of central tendency such as means or averages.

Related terms:

Governmental Accounting Standards

Brand Management
Useful articles:
»Third Party Credit Card Processing Vs. Having Your Own Merchant Account
»Success Negotiating: Getting to Yes without the Games
»Plan Your Work...Work Your Plan.
»Why Trade Shows Fail and What You Can Do About It


Portfolio
Net Worth
Car depreciation


Browse by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing


ABCDEFGHIJKLMNOPQRSTUVWXYZ

Business terms

Accounting

Advertising

Banking

Bankruptcy

E-Commerce

Economics

Finance

Law

Investment

Insurance

Marketing

Real estate

Statistic

Trade

Purchasing

Business Articles

Business calculators

  Disclaimer | Privacy | Terms of useCopyright © 2004 Business-terms.net