Mean Deviation From The Mean (Noun)
Meaning
The arithmetic mean of the absolute values of deviations from the mean of a distribution.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The mean deviation from the mean is a measure of the average distance between each data point and the mean of the dataset.
- Calculating the mean deviation from the mean helps to understand the spread of the data and identify any outliers.
- The mean deviation from the mean is often used in finance to analyze the volatility of stock prices.
- In statistics, the mean deviation from the mean is an important concept in understanding the central tendency of a distribution.
- The mean deviation from the mean is calculated by taking the absolute value of the difference between each data point and the mean, then finding the average of these values.