Monday, 4 January 2016

Advantages and disadvantages of Geometric Mean

  Manoj       Monday, 4 January 2016
Advantages
  • It is rigidly defined.
  • It is based upon all the observations.
  • It is suitable for further mathematical treatment.
  • It is not affected much by fluctuations of samplings.
  • It gives comparatively more weight to small items.
Disadvantages
  • Because of its abstract mathematical character, geometric mean is not easy to understand and to calculate for non-mathematics person.
  • If any one of the observations is negative, geometric mean becomes imaginary regardless of the magnitude of the other items.
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