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.

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Year of publication:	2004-06-12
Authors:	Mishra, SK
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2004, 18, p. 1-6
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
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/10010629243