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Graphical Demonstration of an Optimality Property of the Median |
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| Authors: | Yoong-Sin Lee |
| Institution: | Department of Economics and Statistics , University of Singapore , Kent Ridge , Singapore , 0511 |
| Abstract: | The property that the mean absolute deviation is a minimum when measured from a median is demonstrated with graphs. Deficiencies of the usual proof of the property are pointed out, and a new, general proof is suggested. |
| Keywords: | Mean absolute deviation |