Median as a weighted arithmetic mean of all sample observations

Economics Bulletin, 2004, vol. 3, issue 17, pages 1-3

Abstract: It is generally held that median does not use all sample observations. However, median may be expressed as a weighted arithmetic mean of all sample observations. Some Monte Carlo studies have been conducted to show that the method works perfectly well.

Keywords: iterative; Median; Monte Carlo experiments; weighted arithmetic mean (search for similar items in EconPapers)
JEL-codes: C1 B4 (search for similar items in EconPapers)
Date: 2004 Written 2004-06-01
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