You are analyzing customer purchasing behavior and the data exhibits high skewness. What could be the potential challenges and how can you address them?
- Data normality assumptions may be violated, address this by transformation techniques.
- No challenges would be encountered.
- Skewness would make the data easier to analyze.
- The mean would become more reliable, no action is needed.
High skewness may cause a violation of data normality assumptions often required for many statistical tests and machine learning models. One common way to address this is through data transformation techniques like log, square root, or inverse transformations to make the distribution more symmetrical.
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