Median as a weighted arithmetic mean of all sample observations

This paper shows how median may be computed as a weighted arithmetic mean of all sample observations, unlike the conventional method that obtains median as the middle value (odd observations) or a simple mean of the two middlemost values (even observations). Monte Carlo experiments have been carried out to investigate the bias, efficiency and consistency of the alternative methods.

MoreLess

Year of publication:	2004
Authors:	Mishra, SK
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2004, 18, p. 1-6
Publisher:	AccessEcon

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C1 - Econometric and Statistical Methods: General ; C0 - Mathematical and Quantitative Methods. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110988