- CFA Exams
- CFA Exam: Level II 2021
- Study Session 3. Quantitative Methods (2)
- Reading 8. Big Data Projects
- Subject 2. Data preparation and wrangling
CFA Practice Question
One method to handle outliners is:
B. winsorization
C. standarlization
A. normalization
B. winsorization
C. standarlization
Correct Answer: B
Winsorization is the transformation of statistics by limiting extreme values in the statistical data to reduce the effect of possibly spurious outliers.
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