What is Mean, Median, Mode? - AVERAGE VIX? - Volatility Lingo Ep.3Aug 31, 2021
How do we find the average value of a data set? The three most common averages are called Mean Median and Mode, and choosing the right one for your specific data set is important, because using the wrong one can lead to some bad conclusions. Let's go through examples of the Mean Median and Mode of the VIX index as well as US personal incomes, and also see how it's calculated in Microsoft Excel.
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