Discover why investors prefer the geometric mean for assessing portfolio performance due to its compounding effect, and learn how it differs from the arithmetic mean.
The simple definition of a mean is that of a numeric quantity which represents the center of a collection of numbers. Here the trick lies in defining the exact type of numeric collection, as beyond ...
The GEOMEAN and HARMEAN are advanced statistical functions that typically require a deeper understanding of mathematics. This ...
In the investment world, it’s common to discuss average rates of return. It’s not sufficient, however, to simply add up historical returns and divide by how many there are. The proper way to calculate ...
Following An infinite dimensional Schur-Horn theorem and majorization theory [28], this paper further studies majorization for infinite sequences. It extends to the infinite case classical results on ...
The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...