The geometric mean is a multiplicative average, as opposed to an additive average (the arithmetic mean). It
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The geometric mean is a multiplicative average, as opposed to an additive average
(the arithmetic mean). It is the relevant measure when evaluating investment returns over several years. It is also the relevant measure when calculating average growth rates. R-96
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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