The geometric mean dampens the effect of very high or low values compared to an arithmetic mean, which calculates a straight average and can be biased by outliers. It provides a more accurate central tendency for data that is multiplied rather than added.
The geometric mean dampens the effect of very high or low values compared to an arithmetic mean, which calculates a straight average and can be biased by outliers. It provides a more accurate central tendency for data that is multiplied rather than added.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
The geometric mean dampens the effect of very high or low values compared to an arithmetic mean, which calculates a straight average and can be biased by outliers. It provides a more accurate central tendency for data that is multiplied rather than added.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd