Definitions
There is 1 meaning of the phrase
Winsorized Mean.
Winsorized Mean - as a noun
A statistical measure of central tendency, much like the mean and median, that involves the calculation of the mean after replacing given parts of a probability distribution or sample at the high and low end with the most extreme remaining values.
Example: "The main results include a necessary and sufficient condition for asymptotic normality of the winsorized mean under the assumption that rn->∞, sn->∞, rnn−1->0, snn−1->0 and f is convex at infinity."
Example Sentences
"The winsorized mean is a robust measure of central tendency."
"When outliers are present in a dataset, using the winsorized mean can provide a more accurate representation of the data."
"To calculate the winsorized mean, a certain percentage of the largest and smallest values in a dataset are replaced with the closest values within that range."
"One application of the winsorized mean is in finance, where it can be used to reduce the impact of extreme stock prices on portfolio returns."
"The winsorized mean is less sensitive to outliers compared to other methods such as the arithmetic mean."
