scholarly journals Properties of the Standard Deviation that are Rarely Mentioned in Classrooms

2016 ◽  
Vol 38 (3) ◽  
Author(s):  
Mohammad Fraiwan Al-Saleh ◽  
Adil Eltayeb Yousif
Keyword(s):  
Standard Deviation ◽  
Coefficient Of Variation ◽  
Sample Variance ◽  
Mean Absolute Deviation ◽  
Hidden Information ◽  
Absolute Deviation ◽  
Sample Mean ◽  
The Mean ◽  
Vague Concept ◽  
Chebyshev's Inequality

Unlike the mean, the standard deviation ¾ is a vague concept. In this paper, several properties of ¾ are highlighted. These properties include the minimum and the maximum of ¾, its relationship to the mean absolute deviation and the range of the data, its role in Chebyshev’s inequality and the coefficient of variation. The hidden information in the formula itself is extracted. The confusion about the denominator of the sample variance being n ¡ 1 is also addressed. Some properties of the sample mean and varianceof normal data are carefully explained. Pointing out these and other properties in classrooms may have significant effects on the understanding and the retention of the concept.

Cleaning of Matched License Plate Data

2002 ◽  
Vol 1804 (1) ◽  
pp. 1-7 ◽  
Author(s):  
Stephen D. Clark ◽  
S. Grant-Muller ◽  
Haibo Chen
Keyword(s):  
Standard Deviation ◽  
Road Traffic ◽  
Statistical Test ◽  
License Plate ◽  
Mean Absolute Deviation ◽  
Test Results ◽  
Absolute Deviation ◽  
Traffic Conditions ◽  
The Third ◽  
The Mean

Three methods for identifying outlying journey time observations collected as part of a motorway license plate matching exercise are presented. Each method is examined to ensure that it is comprehensible to transport practitioners, is able to correctly classify outliers, and is efficient in its application. The first method is a crude method based on percentiles. The second uses a mean absolute deviation test. The third method is a modification of a traditional z- or t-statistical test. Results from each method and combinations of methods are compared. The preferred method is judged to be the third method alone, which uses the median rather than the mean as its measure of location and the inter-quartile range rather than the standard deviation as its measure of variability. This method is seen to be robust to both the outliers themselves and the presence of incident conditions. The effectiveness of the method is demonstrated under a number of typical and atypical road traffic conditions. In particular, the method is applied to a different section of motorway and is shown to still produce useful results.

scholarly journals PROPOSTA DI UNA FUNZIONE UTILITÀ DIPENDENTE DALL’UTILITÀ ATTESA E DALLA DISPERSIONE DELLE UTILITÀ

2014 ◽  
Author(s):  
Vittorio B. Frosini
Keyword(s):  
Standard Deviation ◽  
Expected Utility ◽  
Dispersion Measure ◽  
Risk Averse ◽  
Mean Absolute Deviation ◽  
Summary Statistic ◽  
Absolute Deviation ◽  
The Mean ◽  
Condition C ◽  
Substitution Axiom

The author develops the properties and implications of a proposal, concerning a summary statistic of the random prospect of utilities. Following a suggestion of Maurice Allais, such a statistic is increasing with expected utility, and decreasing – for most people, who are risk averse – with the mean absolute deviation of utilities; a parameter multiplying this dispersion measure allows for risk averse or risk prone behaviour, according to its sign, and also for more or less departure from a certain prospect. It is demonstrated that this statistic (a) satisfies the first stochastic dominance, (b) satisfies the independence condition, (c) satisfies the so called “problem of probabilistic insurance”, (d) resolves the paradoxes of Allais, Ellsberg and Kahneman-Tversky (paradox of the substitution axiom), (e) the mean absolute deviation from the mean cannot be replaced by the standard deviation.

Use of Trimmed Duplicates Derived from Laboratory Data To Estimate Standard Deviation

1994 ◽  
Vol 77 (6) ◽  
pp. 1660-1663
Author(s):  
Richard L Johnson ◽  
George W Latimer ◽  
Cliff Spiegelman
Keyword(s):  
Standard Deviation ◽  
Normal Distribution ◽  
Laboratory Data ◽  
Interquartile Range ◽  
Mean Absolute Deviation ◽  
Robust Estimators ◽  
Absolute Deviation ◽  
Mean Squared Errors ◽  
The Mean ◽  
Estimate Standard Deviation

Abstract Improved standard deviation estimates from possibly biased duplicate measurements can be derived from appropriately trimmed plots of standard deviation estimates using pairs of replicates vs the quantiles of a half-normal distribution. Simulated studies show that these estimates exhibit generally lower mean-squared errors and biases than do more standard robust estimators of location—¾ times the interquartile range and 3/2 times the mean absolute deviation from the median.

scholarly journals Portfolio Optimization with a Mean–Absolute Deviation–Entropy Multi-Objective Model

Entropy ◽  
2021 ◽  
Vol 23 (10) ◽  
pp. 1266
Author(s):  
Weng Siew Lam ◽  
Weng Hoe Lam ◽  
Saiful Hafizah Jaaman
Keyword(s):  
Portfolio Optimization ◽  
Performance Ratio ◽  
Programming Approach ◽  
Mean Absolute Deviation ◽  
Diversification Strategy ◽  
Absolute Deviation ◽  
Multi Objective ◽  
Proposed Model ◽  
The Mean ◽  
Naïve Diversification

Investors wish to obtain the best trade-off between the return and risk. In portfolio optimization, the mean-absolute deviation model has been used to achieve the target rate of return and minimize the risk. However, the maximization of entropy is not considered in the mean-absolute deviation model according to past studies. In fact, higher entropy values give higher portfolio diversifications, which can reduce portfolio risk. Therefore, this paper aims to propose a multi-objective optimization model, namely a mean-absolute deviation-entropy model for portfolio optimization by incorporating the maximization of entropy. In addition, the proposed model incorporates the optimal value of each objective function using a goal-programming approach. The objective functions of the proposed model are to maximize the mean return, minimize the absolute deviation and maximize the entropy of the portfolio. The proposed model is illustrated using returns of stocks of the Dow Jones Industrial Average that are listed in the New York Stock Exchange. This study will be of significant impact to investors because the results show that the proposed model outperforms the mean-absolute deviation model and the naive diversification strategy by giving higher a performance ratio. Furthermore, the proposed model generates higher portfolio mean returns than the MAD model and the naive diversification strategy. Investors will be able to generate a well-diversified portfolio in order to minimize unsystematic risk with the proposed model.

scholarly journals Kajian Adaptive Neuro-Fuzzy Inference System (ANFIS) Dalam Memprediksi Penerimaan Mahasiswa Baru Pada Universitas Buana Perjuangan Karawang

2021 ◽  
Vol 6 (1) ◽  
pp. 44-54
Author(s):  
Tatang Rohana Cucu
Keyword(s):  
Error Rate ◽  
Fuzzy Inference ◽  
Percentage Error ◽  
Hybrid Technique ◽  
Mean Absolute Deviation ◽  
Absolute Deviation ◽  
Inference System ◽  
Neuro Fuzzy ◽  
New Students ◽  
The Mean

Abstract - The process of admitting new students is an annual routine activity that occurs in a university. This activity is the starting point of the process of searching for prospective new students who meet the criteria expected by the college. One of the colleges that holds new student admissions every year is Buana Perjuangan University, Karawang. There have been several studies that have been conducted on predictions of new students by other researchers, but the results have not been very satisfying, especially problems with the level of accuracy and error. Research on ANFIS studies to predict new students as a solution to the problem of accuracy. This study uses two ANFIS models, namely Backpropagation and Hybrid techniques. The application of the Adaptive Neuro-Fuzzy Inference System (ANFIS) model in the predictions of new students at Buana Perjuangan University, Karawang was successful. Based on the results of training, the Backpropagation technique has an error rate of 0.0394 and the Hybrid technique has an error rate of 0.0662. Based on the predictive accuracy value that has been done, the Backpropagation technique has an accuracy of 4.8 for the value of Mean Absolute Deviation (MAD) and 0.156364623 for the value of Mean Absolute Percentage Error (MAPE). Meanwhile, based on the Mean Absolute Deviation (MAD) value, the Backpropagation technique has a value of 0.5 and 0.09516671 for the Mean Absolute Percentage Error (MAPE) value. So it can be concluded that the Hybrid technique has a better level of accuracy than the Backpropation technique in predicting the number of new students at the University of Buana Perjuangan Karawang.   Keywords: ANFIS, Backpropagation, Hybrid, Prediction

The Content of IMF Staff Reports for Euro Area Countries

2014 ◽  
pp. 272-292
Author(s):  
Lena Golubovskaja
Keyword(s):  
Standard Deviation ◽  
Euro Area ◽  
Mean Value ◽  
Systematic Bias ◽  
Executive Board ◽  
Sample Mean ◽  
Warning Tone ◽  
The Mean ◽  
Run Up ◽  
The Imf

This chapter analyzes the tone and information content of the two external policy reports of the Internal Monetary Fund (IMF), the IMF Article IV Staff Reports, and Executive Board Assessments for Euro area countries. In particular, the researchers create a tone measure denoted WARNING based on the existing DICTION 5.0 Hardship dictionary. This study finds that in the run-up to the current credit crises, average WARNING tone levels of Staff Reports for Slovenia, Luxembourg, Greece, and Malta are one standard deviation above the EMU sample mean; and for Spain and Belgium, they are one standard deviation below the mean value. Furthermore, on average for Staff Reports over the period 2005-2007, there are insignificant differences between the EMU sample mean and Staff Reports’ yearly averages. Researchers find the presence of a significantly increased level of WARNING tone in 2006 (compared to the previous year) for the IMF Article IV Staff Reports. There is also a systematic bias of WARNING scores for Executive Board Assessments versus WARNING scores for the Staff Reports.

scholarly journals Credibility Approximations for Bayesian Prediction of Second Moments

1985 ◽  
Vol 15 (2) ◽  
pp. 103-121 ◽  
Author(s):  
William S. Jewell ◽  
Rene Schnieper
Keyword(s):  
Least Squares ◽  
Linear Functions ◽  
Quadratic Functions ◽  
Sample Variance ◽  
Credibility Theory ◽  
Sample Mean ◽  
Second Moment ◽  
Second Moments ◽  
Special Cases ◽  
The Mean

AbstractCredibility theory refers to the use of linear least-squares theory to approximate the Bayesian forecast of the mean of a future observation; families are known where the credibility formula is exact Bayesian. Second-moment forecasts are also of interest, for example, in assessing the precision of the mean estimate. For some of these same families, the second-moment forecast is exact in linear and quadratic functions of the sample mean. On the other hand, for the normal distribution with normal-gamma prior on the mean and variance, the exact forecast of the variance is a linear function of the sample variance and the squared deviation of the sample mean from the prior mean. Bühlmann has given a credibility approximation to the variance in terms of the sample mean and sample variance.In this paper, we present a unified approach to estimating both first and second moments of future observations using linear functions of the sample mean and two sample second moments; the resulting least-squares analysis requires the solution of a 3 × 3 linear system, using 11 prior moments from the collective and giving joint predictions of all moments of interest. Previously developed special cases follow immediately. For many analytic models of interest, 3-dimensional joint prediction is significantly better than independent forecasts using the “natural” statistics for each moment when the number of samples is small. However, the expected squared-errors of the forecasts become comparable as the sample size increases.

scholarly journals Robust Confidence Intervals for PM2.5 Concentration Measurements in the Ecuadorian Park La Carolina

Sensors ◽  
2020 ◽  
Vol 20 (3) ◽  
pp. 654 ◽  
Author(s):  
Wilmar Hernandez ◽  
Alfredo Mendez ◽  
Rasa Zalakeviciute ◽  
Angela Maria Diaz-Marquez
Keyword(s):  
Air Pollution ◽  
Standard Deviation ◽  
Confidence Intervals ◽  
Quality Index ◽  
Urban Park ◽  
Absolute Deviation ◽  
The Mean ◽  
Concentration Measurements ◽  
Pm2.5 Concentration

In this article, robust confidence intervals for PM2.5 (particles with size less than or equal to 2.5   μ m ) concentration measurements performed in La Carolina Park, Quito, Ecuador, have been built. Different techniques have been applied for the construction of the confidence intervals, and routes around the park and through the middle of it have been used to build the confidence intervals and classify this urban park in accordance with categories established by the Quito air quality index. These intervals have been based on the following estimators: the mean and standard deviation, median and median absolute deviation, median and semi interquartile range, a -trimmed mean and Winsorized standard error of order a , location and scale estimators based on the Andrew’s wave, biweight location and scale estimators, and estimators based on the bootstrap- t method. The results of the classification of the park and its surrounding streets showed that, in terms of air pollution by PM2.5, the park is not at caution levels. The results of the classification of the routes that were followed through the park and its surrounding streets showed that, in terms of air pollution by PM2.5, these routes are at either desirable, acceptable or caution levels. Therefore, this urban park is actually removing or attenuating unwanted PM2.5 concentration measurements.

A Short-cut Formula for the Mean Absolute Deviation

1988 ◽  
Vol 10 (3) ◽  
pp. 87-89
Author(s):  
NICHOLAS R. FARNUM
Keyword(s):  
Mean Absolute Deviation ◽  
Absolute Deviation ◽  
The Mean
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