Winsorize is a statistical method used to replace extreme values in a dataset with less extreme values. There are several other terms used to describe this technique, including trimming, capping, clipping, and outlier treatment. Trimming involves removing a certain percentage of extreme values from the top and bottom of the dataset. Capping is similar to trimming but involves replacing the extreme values with the next highest or lowest value in the dataset. Clipping involves replacing extreme values with a fixed value. Outlier treatment includes various methods for dealing with extreme values such as removing them, transforming them, or imputing them with a different value. Overall, these methods help improve the accuracy and reliability of statistical analyses.