4 ms·
What I find ironic is that mean absolute deviation is just a lot more intuitive and useful for describing a distribution for laymen. Doesn’t excuse the professi
by bko 9y ago
What I find ironic is that mean absolute deviation is just a lot more intuitive and useful for describing a distribution for laymen. Doesn’t excuse the professional mistaking the concepts. But it’s not like the models the professionals rely on are using m.a.v. in their calculations rather than standard deviation. So the whole controversy is a bit overblown ion my opinion
- fwdpropaganda 9y ago> But it’s not like the models the professionals rely on are using m.a.v. in their calculations rather than standard deviation. Exactly! This is another point I wanted to make on my response in this thread, but I had already written too much. Fortunately you made the same point in one line. > So the whole controversy is a bit overblown ion my opinion Just take it for what it is, which is a marketing piece for Nassim Taleb's personal brand.