Data Visualizationmedium
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In a scatter plot, a data point is identified as an 'outlier' if it lies beyond standard deviations from the regression line. If the residuals have a standard deviation , what is the threshold residual value for a point to be considered an outlier?
In a scatter plot, a data point is identified as an 'outlier' if it lies beyond standard deviations from the regression line. If the residuals have a standard deviation , what is the threshold residual value for a point to be considered an outlier?