Listen to Greg Tennyson, Head of Global Corporate Services at VSP, and Suplari CEO Nikesh Parekh as they discuss Mergers and Acquisitions in the context of analytics tools.
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Calculating Outliers in Spend Data – Part 2 Bootstrapping
In the last blog post, I described two rules: the empirical and IQR rules, that could be used to calculate outliers. However, those rules were only valid with normally distributed data. Spend data is rarely normally distributed and is typically right-skewed. This means it has many small transactions and few large transactions like figure (1) … Read More