The GEOMEAN and HARMEAN are advanced statistical functions that typically require a deeper understanding of mathematics. This is probably why they aren't taught as often as the AVERAGE function.

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 ...

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.