Originally
posted by
H4xOr WaNgEr:
If you truely feel that ANW should represent the "average" or "typical" member, then I suggest changing our ANW measurement from using the mean, to using the median.
Switching from the mean to the median is something I've argued in favour of for some time. Slag and I even had a discussion and a did a brief analysis together on what the expected outcome of such a change would be.
I made the recommendation to move to a median because it would be a better reflection of exactly what you are talking about. I made this recommendation knowing very well that it would, on average, negatively impact LaF's average NW moreso than Evo's (as LaF tends to have a lot more positive outlier countries pulling up our ANW than Evo does).
Out of curiosity/boredom I decided to calc Omega's ANW if using median vs the standard mean calculation from our last couple netting sets:
5th round:
Avg with mean = $91,850,338
Avg with median = $89,111,100
Difference = -$2,700,000
6th round:
Avg with mean = $95,443,436
Avg with median = $102,500,000 (rounded)
Difference = +$7,000,000
7th round:
Avg with mean = 107,165,671
Avg with median = $94,500,00
Difference = -$13,000,000
8th round:
Avg with mean = $109,994,750
Avg with median = $117,000,000
Difference = +7,000,000
Interesting how much it shifted up and down..