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Acceptance criteria for % of Missing values

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@ssvbalan wrote:

Is there any specific cutoff / limit /percentage for the acceptance of missing values in a particular variable in a dataset?
Ex : If 70% of the values are missing in a variable, what action should we take... delete the variable according to its importance in the model or impute with different methods???

In my case, i have a dataset with 80 variables and out of that 10 variables have more than 50% of values missing.

Could anyone suggest a correct approach for this problem.

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