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Given n observations x1, ..., xn, the generalized mean (also called power mean) is defined as The case p = 1 corresponds to the traditional arithmetic mean, while p = 0 yields the geometric mean, and p = -1 yields the harmonic mean. See here for details. This metric is favored by statisticians. It is a particular case of the quasi-arithmetic mean. Here I introduce another kind of mean called e…
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