How To Calculate The Trimmed Mean Complete Guide

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how to calculate the trimmed mean. As you can see we get the same mean output as before. For example with a 5 trimmed mean the lowest 5 and highest 5 of the data are excluded.

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Percent a percentage of values that we want to exclude from the calculation. This macro calculates the trimmed mean by removing the smallest p and the largest p of the values rounded to the nearest integer and then averages the remaining values. The Excel TRIMMEAN function calculates mean average while excluding outliers.

TRIMMEAN works by first excluding values from the top and bottom of a data set then calculating mean.

Trimmed mean is designed to solve that problem. -- Enter Number Set -- Enter TrimmedWinsorized Mean Percent. Mean is too sensitive to extreme observations. The individual price changes are then arranged in ascending order from the price that declined the most to the price that rose the most.