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	<title>Juan Carlos Méndez-García &#187; Automotive</title>
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		<title>Harmonic Averages</title>
		<link>http://8020world.com/jcmendez/2008/07/data-analysis/harmonic-averages/</link>
		<comments>http://8020world.com/jcmendez/2008/07/data-analysis/harmonic-averages/#comments</comments>
		<pubDate>Thu, 03 Jul 2008 23:16:23 +0000</pubDate>
		<dc:creator>Juan Carlos Méndez-García</dc:creator>
				<category><![CDATA[Automotive]]></category>
		<category><![CDATA[Data analysis]]></category>
		<category><![CDATA[Excel]]></category>
		<category><![CDATA[Average]]></category>
		<category><![CDATA[Fuel Consumption]]></category>
		<category><![CDATA[Harmonic]]></category>
		<category><![CDATA[Math]]></category>
		<category><![CDATA[MPG]]></category>

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		<description><![CDATA[This is a short note to talk about Harmonic Averages.  Most people are familiar with Weighted Averages, as they are a valuable tool for aggregation.  For instance, with the data below, the average profitability (~1735) can be easily calculated using weighted averages.

Avg_Profit = (1000*1200 + 200*300 + 500*2500 + 10*600 + 100*300) / [...]


No related posts.]]></description>
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