Skew describes an asymmetric distribution. A positively skewed target has a concentrated lump of values and a long tail extending to the right. In exploratory data analysis, comparing the minimum, mean, maximum, and selected percentiles reveals whether extreme values are distorting the apparent range. section 7.1.6
A practical check for skewed regression targets:
- Inspect minimum, average, and maximum values. section 7.1.6
- Compare extreme percentiles, especially the 95th, 99th, and maximum values. section 7.1.6
- Plot the density and median to distinguish a long tail from a separate high-end cluster. section 7.1.6
- If appropriate for the analysis, focus on the core range by filtering extreme lower and upper observations. section 7.1.6
Accommodation-price target
A target with a minimum of 1,450, an average of 36,573.1, and a maximum of 1,306,500 contains unusually large values. Its 99th percentile is 304,531.4, far below the maximum. After retaining values from 5,200 to 84,857, the density plot shows a right-skewed distribution and a possible small cluster of high-end accommodations. section 7.1.6




