Outliers, the Law of Large Numbers, Index of Stability and Heavy Tails
classification
🧮 math.PR
math.STstat.TH
keywords
largenumbersoutliersheavyindexstabilitytailsappears
read the original abstract
We are trying to give a mathematically correct definition of outliers. Our approach is based on the distance between two last order statistics and appears to be connected to the law of large numbers. Key words: outliers, law of large numbers, heavy tails, stability index.
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