Winsorized mean

Winsorized mean,

Definition of Winsorized mean:

  1. A measurement that estimates the mean with less dependence on the outlying values of a statistical distribution producing a more robust estimation for the mean. By replacing outlying, high and low values with values that are closer to the mean, the resulting estimation is likely to be biased towards the mean.

Meaning of Winsorized mean & Winsorized mean Definition