Trimmed mean
Posted: Sun Feb 13, 2011 6:19 am
Hi,
I was wondering whether you had any tips on how to calculate a trimmed mean... I have a matrix of forecasting results from different models, and rather than to average them across models, I would like to calculate trimmed means - that is, exclude the highest and lowest observation and average over the rest.
I can think of a couple of complicated ways to do this, but maybe someone has a really easy solution...? :-)
Thanks, Philipp
I was wondering whether you had any tips on how to calculate a trimmed mean... I have a matrix of forecasting results from different models, and rather than to average them across models, I would like to calculate trimmed means - that is, exclude the highest and lowest observation and average over the rest.
I can think of a couple of complicated ways to do this, but maybe someone has a really easy solution...? :-)
Thanks, Philipp