Median Absolute Deviation: Definition, Finding & Formula
Jim Frost
What is the Median Absolute Deviation?
The median absolute deviation is a measure of variability that indicates the typical distance between observations and the median. Unlike the mean absolute deviation, which uses the average, this method centers on the median, making it more resistant to outliers. The result uses the same units as the data, which helps with interpretation. Larger values signify that the data points spread further from the median, while lower values mean they cluster more...