While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add ...

Explore the importance of robust statistics like median and MAD in data analysis, ensuring accurate insights despite outliers ...

The local median regression method has long been known as a robustified alternative to methods such as local mean regression. Yet, its optimal statistical properties are largely unknown. In this paper ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

The purpose of the American Journal of Agricultural Economics is to provide a forum for creative and scholarly work in agricultural economics. Submitted manuscripts focus on the economics of natural ...