In a set of data, a value so far removed from other values in the distribution that its presence cannot be attributed to the random combination of chance causes.
Found on
http://www.encyclo.co.uk/local/20140
A value in a sample that is so extreme as to throw question on its validity.
Found on
http://www.encyclo.co.uk/local/20429
Are probabilistically remote events. Often viewed as statistically independent as well. Various techniques can test if actual data differ in a statistically significant manner from the benchmark or normal distribution. Also, independence assumptions can be tested to see if they are accurate representations of the underlying processes.
Found on
http://www.oasismanagement.com/glossary/
No exact match found.
