Download This PaperThe Unit-Weighted Mean - Because Size Matters
SEC, Division of Economic and Risk Analysis Working Paper Series
15 Pages Posted: 25 Apr 2020
Date Written: March 30, 2020
Abstract
The unit-weighted mean is of frequent interest to applied researchers in a wide range of fields. Despite this interest, there is a lack of easily accessible theoretical statistical literature that shows its statistical properties. This paper provides the asymptotic distribution of the unit-weighted mean and a formula to calculate asymptotically valid standard errors. I show that numerically identical results can be obtained using a novel regression approach.
Keywords: Weighted Mean
JEL Classification: C10
Suggested Citation: Suggested Citation
Canjels, Eugene, The Unit-Weighted Mean - Because Size Matters (March 30, 2020). SEC, Division of Economic and Risk Analysis Working Paper Series, Available at SSRN: https://ssrn.com/abstract=3565305 or http://dx.doi.org/10.2139/ssrn.3565305
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