You have an enormous set of data: thousands of observations and dozens of variables. How do you locate outliers - possible mistaken data, or problems, or opportunities?
Multivariate statistics gives us the tools to discover these outliers. The above image depicts 2697 observations in 73 variables. The potential outliers are clear in this diagram.
Multivariate statistics gives us the tools to discover these outliers. The above image depicts 2697 observations in 73 variables. The potential outliers are clear in this diagram.