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Subject:
Statistics
Category: Science > Math Asked by: mdthomann-ga List Price: $15.00 |
Posted:
27 Feb 2006 12:46 PST
Expires: 28 Feb 2006 07:19 PST Question ID: 701579 |
I am developing a database to track the price of a widget on an auction. Due to size/speed constraints, I would like to keep the price history of the widget to between 35 - 50 unit prices seen. The price may trend up or down over time and I would like to reflect this in my median price. What is the most effective formula for tracking this median price. I have to be concerned about outliers that may skew the data (intentionally or not). Once I have aquired my max set of 35. How do I add new prices without skewing data and be able to show an upward or downward trend? |
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