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MeanAbsDevVsMedian

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Returns, , the mean absolute deviation versus the median of a series  (for ), calculated as follows:

 

 

(where  is the median of the series)

 

See also MnMeanAbsDevVsMean which provides another common way of measuring mean absolute deviation. However, the mean absolute deviation is minimised if it is measured relative to the median of the series rather than relative to its mean.

 

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