MeanAbsDevVsMedian
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Function Description
Returns, , the mean absolute
deviation versus the median of a series (for
),
calculated as follows:
(where is
the median of the series)
See also MnMeanAbsDevVsMean
which provides another common way of measuring mean absolute deviation.
However, the mean absolute deviation is minimised if it is measured relative to
the median of the series rather than relative to its mean.
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