The Unit-Weighted Mean - Because Size Matters
March 30, 2020
Eugene Canjels
Access this paper via SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3565305
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.
Modified: July 21, 2022