Tag Geometric mean

Sin categoría, Statistics

Counting bugs

The geometric mean is used when the values of the data distribution change multiplicatively, and not additively. This makes it ideal for averaging geometric progression data, such as ratios, compound interest in economics, or bacterial growths in microbiology.

Manuel Molina
03/15/2022

Sin categoría, Statistics

A very robust family

Robust location parameters. We describe robust location parameters that are more robust to the presence of extreme values than arithmetic mean. The mean is a whimsical statistic. Of course, I am referring to the arithmetic mean. And why do I say that…