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You have it reversed. The advantage of the median (50th percentile) is that a few outliers at the high end won't skew the data. To move the median, you have to
by nickm12 10y ago
You have it reversed. The advantage of the median (50th percentile) is that a few outliers at the high end won't skew the data. To move the median, you have to move half of the distribution.
- jboydyhacker 10y agoNo read the second sentence. What I'm saying is the real estate market has very different characteristics in the low, medium, and high end. So the top third, middle thirds and bottom thirds should be broken out and you can't use median for the market as one sample set.