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| SK Mishra |
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| ''Median as a weighted arithmetic mean of all sample observations'' |
| ( 2004, Vol. 3 No.18 ) |
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| 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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| Keywords: |
JEL: C1 - Econometric and Statistical Methods: General
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| Manuscript Received : Jun 03 2004 | | Manuscript Accepted : Jun 12 2004 |
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