Statistical Glossary

Power Mean:

A power mean of order of a set of values is defined by the following expression:

The family of power mean statistics is often called the generalized mean - because, for different values of the parameter , it is equivalent to various types of descriptive statistics: (i.e when ) coincides with the arithmetic mean ; is the harmonic mean ; is the root mean square .

The greater the parameter , the greater the contribution of the largest values towards the values of . If we increase infinitely, the value of the power mean approaches the maximum value in the sample , and the reverse - if we decrease infinitely, then the value of the power mean approaches the minimum value in the sample. This is often denoted as

and

Strictly speaking, is not the arithmetic mean - because this statistic is defined only for non-negative values , while the arithmetic mean is defined for both negative and non-negative values ).

The power mean is not a "fair" measure of central location - it does not meet requirements of shift invariance , like other statistics defined only for non-negative values (see explanations of central tendency ). Therefore, it would be more correct to classify the power mean as a measure of "average magnitude" or "effective magnitude". Any power mean is scale-invariant .

See also Mean values (comparison) and the online short course Basic Concepts in Probability and Statistics

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