4 ms·
There's some interesting discussion in this thread about truncated vs winsorized means. For my own part, this is the first time I've come across either of these
by hornban 3y ago
There's some interesting discussion in this thread about truncated vs winsorized means. For my own part, this is the first time I've come across either of these terms.
I tend to benefit the most from seeing the entire distribution visually, and that helps me decide if I'm looking for a median, a "normal" mean, a "mean minus some weird outliers", or something different entirely.
Does anybody happen to know of a good visual guide for how different measures of central tendency apply to various distributions? Anything that emphasizes pathological cases is helpful.