Mean Reversion And The Bell Curve Jan. 03, 2017 2:34 PM ET 1 Comment 1 Like Smead Capital Management 2.13K Follower s ...

First, you can calculate the mean. Let's say you have five FTSE 100 readings on consecutive days. They are 4,800, 4,900, 4,700, 4,800 and 5,100. The mean is the sum of the readings (24,300 ...

Jianqing Fan, Peter Hall, On Curve Estimation by Minimizing Mean Absolute Deviation and Its Implications, The Annals of Statistics, Vol. 22, No. 2 (Jun., 1994), pp. 867-885 ...