Weighted Median of the Data in Solving Least Absolute Deviations Problems |
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| Authors: | Ivan Vazler Rudolf Scitovski |
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| Affiliation: | Department of Mathematics , University of Osijek , Osijek , Croatia |
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| Abstract: | We consider the weighted median problem for a given set of data and analyze its main properties. As an illustration, an efficient method for searching for a weighted Least Absolute Deviations (LAD)-line is given, which is used as the basis for solving various linear and nonlinear LAD-problems occurring in applications. Our method is illustrated by an example of hourly natural gas consumption forecast. |
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| Keywords: | LAD Least absolute deviations Median Weighted LAD-line Weighted median |
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