AVERAGEAVG
AVERAGEAVG is a term used in statistics and data analysis to denote a condensed representative value obtained by averaging multiple subpopulation means. It is commonly used when data come partitioned into groups, regions, or samples, and a single figure is needed for comparison or reporting.
Definition and calculation. There are two common variants. The unweighted AVERAGEAVG computes the arithmetic mean of
Example. Suppose Group A has mean 4 with 3 observations and Group B has mean 9 with
Relation to other summaries. AVERAGEAVG can approximate the overall mean when subgroups are equal in size;
Applications and limitations. The concept is used in simple meta-analytic pooling, educational reporting, and survey summarization