Statistical parameters are used to describe a population and are often based on a large number of observations in public statistics. So-called measures of location are most commonly used to provide information about «average» data. The most renowned location measurement is the arithmetic mean, but there are also other measures of central tendency to describe the «middle» which may be more suitable depending on the data in question.
A short short description of some mean values used in statistical publications can be found in the new edition of Statistics Switzerland’s information magazine ValueS.
Read the article in ValueS.
ValueS (Number 1/2013)