**jm + standard-deviation**
1

Use the mean absolute deviation [...] it corresponds to "real life" much better than the first—and to reality. In fact, whenever people make decisions after being supplied with the standard deviation number, they act as if it were the expected mean deviation.'

Graydon Hoare in turn recommends the median absolute deviation. I prefer percentiles, anyway ;)

statistics
standard-deviation
stddev
maths
nassim-taleb
deviation
volatility
rmse
distributions
Graydon Hoare in turn recommends the median absolute deviation. I prefer percentiles, anyway ;)

january 2014 by jm

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