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Working with Outlier Numbers

Topic closed. 4 replies. Last post 5 years ago by Googler.

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Virginia Beach, Virginia
United States
Member #110060
April 25, 2011
115 Posts
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Posted: March 31, 2012, 12:01 pm - IP Logged

Does anyone know how to remove these "Draws between draws" to create a suggested hit date. I totaled the numbers,  "384 + 465 + 398 + 9 + 51 + 139 + 62 + 155 + 92 + 20" and divided the total by 10. Converted the draws into days and months.

My question is how would you handle the outlier numbers like 384, 465, 9 and 20? Is there a better way using this data to create a hit date?

    SergeM's avatar - slow icon.png
    Economy class
    Belgium
    Member #123700
    February 27, 2012
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    Posted: March 31, 2012, 12:33 pm - IP Logged

    There is deviation, but no indication. Jester

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      Virginia Beach, Virginia
      United States
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      April 25, 2011
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      Posted: March 31, 2012, 2:31 pm - IP Logged

      There is deviation, but no indication. Jester

      What does that mean? I understand the deviation, but can't relate to the indication.

      I would like to know if I should exclude the the low and high numbers, or input them all. I'm trying to create an average return date for a number to hit. These numbers represent the number of "draws between draws."

        time*treat's avatar - radar

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        Member #13130
        March 30, 2005
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        Posted: April 1, 2012, 6:15 pm - IP Logged

        What does that mean? I understand the deviation, but can't relate to the indication.

        I would like to know if I should exclude the the low and high numbers, or input them all. I'm trying to create an average return date for a number to hit. These numbers represent the number of "draws between draws."

        When in doubt, backtest both ideas. Smash

        In neo-conned Amerika, bank robs you.
        Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

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          Virginia Beach, Virginia
          United States
          Member #110060
          April 25, 2011
          115 Posts
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          Posted: April 6, 2012, 1:47 pm - IP Logged

          When in doubt, backtest both ideas. Smash

          Good Idea. thanks