Data analysis Part 1: Mean and Median. When Median is recommended?
Data analysis Part 1: Mean and Median Mean, Median are two important parameters in data analysis to calculate the spread of data Let's calculate the two parameters with India's historical inflation data Table 1. India's historical inflation data Sl Year % inflation 1 2021 5.13 2 2020 6.62 3 2019 3.73 4 2018 3.94 5 2017 3.33 6 2016 4.95 7 2015 4.91 8 2014 6.67 9 2013 11.06 10 2012 9.31 11 2011 8.86 12 2010 11.99 13 2009 10.88 14 2008 8.35 15 2007 6.37 16 2006 5.8 17 2005 4.25 18 2004 3.77 19 2003 3.81 20 2002 4.3 21 2001 3.78 22 2000 4.01 23 1999 4.67 24 1998 13.23 25 1997 7.16 26 1996 8.98 27 1995 10.22 ...