Python for Data Analysis: Step-By-Step with Projects - Handling Outliers (2)

The video tutorial explains the concept of box plots, focusing on their components like quartiles and interquartile range (IQR). It details how to identify outliers using these statistical tools and provides methods to calculate quartiles and IQR using pandas. The tutorial also discusses strategies for handling outliers, such as capping or flooring extreme values, and emphasizes the importance of understanding data distribution for effective analysis.

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