This argument is exactly why I think we should use the Mode when discussing the state of an economy or even a sector of the economy. The mode would represent the actual conditions that the majority of people experience and throws extremes out altogether.
If it was “mean” or “average” then sure, median not so much
This argument is exactly why I think we should use the Mode when discussing the state of an economy or even a sector of the economy. The mode would represent the actual conditions that the majority of people experience and throws extremes out altogether.
Ah, fair. I didn’t catch it was median. I just assumed average.
Goes to show I probably shouldn’t comment after midnight, lol.