Outlier(redirected from Mild outlier)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.
Related to Mild outlier: box plots
A data point significantly different from others in the same set. An outlier is generally due to statistical noise and not to any fundamental difficulty with the data set. Taking the mean and median values of a data set can help reduce the influence of outliers. They are also called outlying observations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved