Types Of Averages. With respect to choosing amongst the three types of averages you list it is generally considered that the mean is appropriate for continuous equal-interval data the median is for ordinal data and the mode is for nominal data. Simple weighted and exponential moving averages are most popular.
Each one gives slightly different information. All of these di erent types of averages are routinely used in the nance industry usually when applied to returns but often without referencing the type of average. The median is the middle-of-the road number.
These are called the mean the median and the mode.
Real and nominal averages and others. They tend to bark twice. Look at these test results. All of these di erent types of averages are routinely used in the nance industry usually when applied to returns but often without referencing the type of average.
