
doi: 10.2139/ssrn.555021
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.
jel: jel:C0, jel: jel:C1, jel: jel:B4
jel: jel:C0, jel: jel:C1, jel: jel:B4
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