Unweighted average definition
Unweighted average means that a data supplier, or group of data suppliers, shall each have equal
Unweighted average means that we have taken the unweighted average over all providers rather than weighting the data by the market shares of the various providers. This technique is potentially biased if fees are systematically related to market share. Indirect evidence from other sources, along with preliminary additional analysis of our data, suggest that any such bias is minimal (for a variety of data-related reasons, it is easier to take unweighted averages rather than weighted ones). Nonetheless, the simple averaging technique may be responsible for some portion of the rise in recent years in the accumulation ratio: That increase is likely due to a larger number of commission-free providers, who do not have substantial market share.
Examples of Unweighted average in a sentence
P-16 Outcome Power plant availability Unweighted average across all power plants of the following: total number of hours per quarter that a plant is able and available to produce electricity / Total number of hours in the same quarter.