verb to winsorize means to adjust a data set by limiting extreme values to reduce the impact of outliers
In finance, winsorizing is used to adjust for extreme values in financial data to prevent skewing of results.
In statistics, winsorizing is a method used to deal with outliers by replacing extreme values with less extreme values.
In economics, winsorizing is used to mitigate the impact of extreme values in economic data sets.
In data analysis, winsorizing is a technique to handle outliers by replacing them with values closer to the rest of the data.
In finance, writers may use winsorize to remove outliers from data sets before performing analysis or modeling.
Psychologists may use winsorize when analyzing research data to mitigate the impact of extreme values on statistical results.
Data scientists often use winsorize as a data preprocessing technique to handle outliers in machine learning algorithms.
Economists may apply winsorize to economic data to ensure that extreme values do not skew the results of their analysis.