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The box plot displays the diversity of data for the totexp; the data ranges from 30 being the minimum value and 390 being the maximum value. The box plot is positively skewed at 1.87 as the whisker at the top of the box is longer than the whisker at the bottom of the box, thus showing that there are more values at the top end of the box. The lower quartile is basically the 25th percentile which is 70; the median is the 50th percentile which is 90 and the upper quartile is 75th percentile which is 120.
In relation to extreme data for totexp there are 47 outliers which have been identified on the box plot which deviate significantly from the rest of the distribution of the data:
Outlier Value
Rows
200
457, 853, 1035, 1042, 1110, 1404, 1443
210
82, 565, 694, 1088, 1249, 1411, 1491
220
182, 657, 1451
230
97, 155, 476, 980
240
1145, 1300, 1435
250
386, 970, 995, 1285
260
680, 845, 1350
270
449, 1299, 1385, 1508
280
56, 1009
290
315, 1225
300
755
310
80
320
482, 1415
330
1198
360
77
390
1187
Explain the characteristics of business forecasting.
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