Mean deviation: Difference between revisions
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imported>Doug Williamson m (Add links.) |
imported>Doug Williamson (Differentiate from Standard Deviation.) |
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''Statistics''. | ''Statistics - measures of spread''. | ||
Average of the deviations of all items from the mean (treating all of the deviations as positive in the calculation). | Average of the deviations of all items from the mean (treating all of the deviations as positive in the calculation). | ||
Mean deviation is a similar concept to ''standard deviation'', but it is calculated on a simpler basis. | |||
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* [[Mean]] | * [[Mean]] | ||
* [[Range]] | * [[Range]] | ||
* [[Spread]] | |||
* [[Standard deviation]] | * [[Standard deviation]] | ||
* [[Value at risk]] | * [[Value at risk]] | ||
Latest revision as of 23:49, 21 May 2021
Statistics - measures of spread.
Average of the deviations of all items from the mean (treating all of the deviations as positive in the calculation).
Mean deviation is a similar concept to standard deviation, but it is calculated on a simpler basis.
