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Mean log deviation information


In statistics and econometrics, the mean log deviation (MLD) is a measure of income inequality. The MLD is zero when everyone has the same income, and takes larger positive values as incomes become more unequal, especially at the high end.

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Mean log deviation

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In statistics and econometrics, the mean log deviation (MLD) is a measure of income inequality. The MLD is zero when everyone has the same income, and...

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Geometric standard deviation

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the geometric standard deviation (GSD) describes how spread out are a set of numbers whose preferred average is the geometric mean. For such data, it may...

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Standard deviation

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the standard deviation is a measure of the amount of variation of a random variable expected about its mean. A low standard deviation indicates that...

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Coefficient of variation

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(CV), also known as normalized root-mean-square deviation (NRMSD), percent RMS, and relative standard deviation (RSD), is a standardized measure of dispersion...

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Average absolute deviation

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related to the given data set. AAD includes the mean absolute deviation and the median absolute deviation (both abbreviated as MAD). Several measures of...

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Standard error

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is the standard deviation of its sampling distribution or an estimate of that standard deviation. If the statistic is the sample mean, it is called the...

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Reference range

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arithmetic mean in this case, the parameters μlog and σlog can be estimated from the arithmetic mean (m) and standard deviation (s.d.) as: μ log = ln ⁡ (...

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Gini coefficient

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are frequently used (e.g. the Atkinson index or the Theil Index and Mean log deviation as special cases of the generalized entropy index). These measures...

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Unbiased estimation of standard deviation

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estimation of a standard deviation is the calculation from a statistical sample of an estimated value of the standard deviation (a measure of statistical...

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Geometric mean

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Arithmetic-geometric mean Generalized mean Geometric mean theorem Geometric standard deviation Harmonic mean Heronian mean Heteroscedasticity Log-normal distribution...

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Mean absolute error

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related to the mean squared error, the equivalent for mean absolute error is least absolute deviations. MAE is not identical to root-mean square error (RMSE)...

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Theil index

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the lower end of the distribution. It is also referred to as the mean log deviation measure. GE(1) = Theil's T and is more sensitive to differences at...

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Arithmetic mean

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number for which the residuals (deviations from the estimate) sum to zero. This can also be interpreted as saying that the mean is translationally invariant...

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Mean absolute percentage error

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The mean absolute percentage error (MAPE), also known as mean absolute percentage deviation (MAPD), is a measure of prediction accuracy of a forecasting...

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Strictly standardized mean difference

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the strictly standardized mean difference (SSMD) is a measure of effect size. It is the mean divided by the standard deviation of a difference between two...

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Median absolute deviation

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data set than the standard deviation. In the standard deviation, the distances from the mean are squared, so large deviations are weighted more heavily...

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Mean

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Arithmetic-geometric mean Arithmetic-harmonic mean Cesàro mean Chisini mean Contraharmonic mean Elementary symmetric mean Geometric-harmonic mean Grand mean Heinz mean Heronian...

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Generalized entropy index

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income inequality metrics as special cases. For example, GE(0) is the mean log deviation, GE(1) is the Theil index, and GE(2) is half the squared coefficient...

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Regression toward the mean

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where it's below its mean, when t < 0), is rt standard deviations above the mean of Y. Since |r| ≤ 1, Y is no farther from the mean than X is, as measured...

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Harmonic mean

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In mathematics, the harmonic mean is one of several kinds of average, and in particular, one of the Pythagorean means. It is sometimes appropriate for...

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Standard score

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number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being...

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Large deviations theory

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In probability theory, the theory of large deviations concerns the asymptotic behaviour of remote tails of sequences of probability distributions. While...

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MLD

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genetic condition Masking Level Difference, see Auditory masking Mean log deviation in statistics and econometrics Mixed layer depth in hydrography Multicast...

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Normal distribution

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the mean or expectation of the distribution (and also its median and mode), while the parameter σ {\displaystyle \sigma } is its standard deviation. The...

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Mean squared displacement

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squared displacement, or mean square fluctuation) is a measure of the deviation of the position of a particle with respect to a reference position over...

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Beta distribution

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centered on the mean) by the range (c − a), linearly for the mean deviation and nonlinearly for the variance: (mean deviation around mean) ( Y ) = {\displaystyle...

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