The below mathematical summary statistics are widely used in the finance world for calculating different ratios etc.
Central tendency: This is middle point of a data set or distribution. The below are the measures of central tendency.
Mean
Median
Mode
Percentile
Quartile
Mean, Median and Mode are most commonly used.
Dispersion: This is the spread of data in a data set or distribution. It is also a measure of
how much the data is scattered. The below are the important measures of dispersion.
Range
Variance
Standard Deviation
Coefficient of variation
Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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