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Tag: Statistics

Economics

Statistics – Measures of Central Tendency – Geometric Mean & Harmonic Mean

8 Apr 202011 Apr 2020
Geometric Mean - Geometric Mean of a set of n observations is the nth root of their product. It is denoted by G.M. If we have two observations, then their…
Economics

Statistics – Measures of Central Tendency – Arithmetic Mean

7 Apr 202011 Apr 2020
What is the Measure of Central Tendency ? Measure of Central Tendency can be defined as a single value that represents the whole set of observation of data, this single…

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