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- W2591228747 abstract "Ponte Academic JournalFeb 2018, Volume 74, Issue 2 TO DETERMINE SKEWNESS, MEAN AND DEVIATION WITH A NEW APPROACH ON CONTINUOUS DATAAuthor(s): Mehmet Guven Gunver ,Mustafa Sukru Senocak, Suphi VehidJ. Ponte - Feb 2018 - Volume 74 - Issue 2 doi: 10.21506/j.ponte.2018.2.5 Abstract:In light of the deeply embedded controversy surrounding the skewness and its potential exaggerated effects on standard deviation and other statistical measures, this study attempts to suggest an alternative approach, the �Golden Ratio in Statistics�. The GRiS method acknowledges the effects of skewness by accounting for each data elements� contribution to the center point based on its specific location in the data stack. The �Golden Ratio� is chosen as the typical tool for this system. This study recommends a more realistic expression of the standard deviation, the GRiS deviations, which overcomes the effect of extreme values in skewed data stacks. A formula for the coefficient of skewness is also put forward to quantitatively measure the symmetry of a data stack around its median. The practical benefits of the GRiS approach are demonstrated through a data analysis of the characteristics of wine. Finally, the implications behind this approach are discussed. Download full text:Check if you have access through your login credentials or your institution Username Password" @default.
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- W2591228747 date "2018-01-01" @default.
- W2591228747 modified "2023-09-26" @default.
- W2591228747 title "TO DETERMINE SKEWNESS, MEAN AND DEVIATION WITH A NEW APPROACH ON CONTINUOUS DATA" @default.
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- W2591228747 doi "https://doi.org/10.21506/j.ponte.2018.2.5" @default.
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