Measures of Central Tendencies specifies where data is centered (mean, median, and mode).
Measures of Location includes (i) measures of central tendency and (ii) other measures that illustrate the location or distribution of data. Arithmetic Mean is the sum of the observations divided by the number of observation
Properties consists of:
Median is the value of the middle item of a set of items that has been sorted into either (i) ascending or (ii) descending order
Properties consists of:
Mode is the most frequently occurring value in a distribution. Properties consists of:
Weighted mean can be used for both historical and forward-looking data
Geometric mean is most frequently used to average rates of change or to compute the growth rate
Harmonic mean is the value obtained by summing the reciprocals of the observations
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