Definition: Trimmed least absolute value

Category: Memobust Glossary

Robust statistical method that attempts to minimise the sum of absolute deviation (residuals) over a subset of k points which yields the lowest sum of absolute residuals (k
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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