Mean, median or something else
Non parametric inferential statistics was used to guide the numerical optimization study to search for the optimum result in this article. The technique was demonstrated in a case study and a significant improved predictive model was formulated with 4% less residual sum of squares (RSS) than the med...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Asian Research Publishing Network
2016
|
| Subjects: | |
| Online Access: | http://eprints.utm.my/72265/ http://eprints.utm.my/72265/ http://eprints.utm.my/72265/1/ZulkifliYusop2016_Mean%2CMedianorSomethingElse.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Non parametric inferential statistics was used to guide the numerical optimization study to search for the optimum result in this article. The technique was demonstrated in a case study and a significant improved predictive model was formulated with 4% less residual sum of squares (RSS) than the median model, 20% less than the mean model and 79% less than a benchmarked empirical model. The methodology proposed herewith addressed the selection dilemma between mean and median. It identified an optimum value and formulated a better predictive model than those by either mean or median. |
|---|