Arithmetic Mean and Its Applications in Data Analytics

It's a household name and we use the term every day. And it is arguably the most popular of all statistical terms. Yet, its properties, variants, and versatile use cases are not obvious to many of us. We tend to think that it's just an average of some numbers -- and that's all we need to know. I'm talking about Arithmetic Mean. The purpose of this article is to shed light on little-explored areas of the arithmetic mean including its properties, use cases, and limitations.