Mean deviation: Difference between revisions

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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.


== See also ==
== See also ==
* [[Correlation]]
* [[Deviation]]
* [[Hedging]]
* [[Mean]]
* [[Mean]]
* [[Range]]
* [[Spread]]
* [[Standard deviation]]
* [[Standard deviation]]
* [[Value at risk]]
* [[Variability]]
* [[Volatility]]


[[Category:The_business_context]]

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.


See also