Nov 3 · 1 min read
hi Ajeet..hope you remember me…i came across your blog thru your linkedin post…good cover about how to go with P50s when measuring progress. My day to day analytics revolve mostly around Bayesian space where my samples are very limited and my belief of measure is gradually updated based on the samples analysed each time..Im not a statistician guy but im interested to know how industry shall generally measure progress when you have smaller number samples to infer.…when you discussed about distribution skewness, emphasis on Median on Wealth distribution, i initially felt a mode is a right fit for measure of majority population wealth..could you correct me why median is discussed in this context