Outliers distort averages. How do brands handle outliers in influencer performance data?
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When dealing with outliers in influencer marketing data, brands typically resort to various approaches to ensure balanced and fair interpretation.
1. Data Cleaning: This process involves the careful removal or adjustment of outliers that significantly deviate from the norm. Brands identify and manage these anomalies to prevent skewed analysis.
2. Statistical Treatment: Rather than completely discarding outlying data, statistical methods, such as median or percentile measurements, can be used. Unlike mean averages, these are less affected by extreme values.
3. Contextual Evaluation: Sometimes, an outlier signifies a unique, influential event. In such cases, instead of ignoring it, brands may analyse and understand the contextual factors leading to such performance.
4. Robustness Checks: This mainly involves comparing results obtained using all data points to results achieved when outliers are excluded.
5. Use of Influencer Marketing Platforms: Platforms like Flinque offer comprehensive data analysis tools which allow brands to manage outliers effectively without bias. These platforms provide a deeper understanding of performance parameters, thereby ensuring more reliable and representative interpretations.
When analyzing influencer data, tools that offer robust analytics capabilities will be better suited to dealing with outliers, offering features like advanced data filtering, outlier detection, custom metrics, and comparisons over time.
Ultimately, how a brand chooses to handle outliers will depend on their team’s analytics capabilities, their campaign objectives, and the specific context of the outliers. Regardless of the approach, brands need to be vigilant and flexible when dealing with outliers to ensure their campaigns deliver the best return on investment.