BiweightMidvariance of a list:

BiweightMidvariance of columns of a matrix:

BiweightMidvariance of a list with scaling factor 8:

BiweightMidvariance of a list of dates:

Exact input yields exact output:

Approximate input yields approximate output:

Biweight midvariance with different scaling parameters:

Biweight midvariance for a matrix gives columnwise estimate:

Biweight midvariance of a large array:

Find a biweight midvariance of a TimeSeries:

The biweight midvariance depends only on the values:

Biweight midvariance works with data involving quantities:

Compute biweight midvariance of dates:

Compute biweight midvariance of times:

List of times with different time zone specifications:

Obtain a robust estimate of dispersion when extreme values are present:

Sample variance is heavily influenced by extreme values:

Identify periods of high volatility in stock data:

Smooth the data using the square root of a five-year moving biweight midvariance:

Compute biweight midvariance for slices of a collection of paths of a random process:

Choose a few slice times:

Plot biweight midvariances over these paths:

Find the biweight midvariance of the heights for the children in a class:

Plot the square root of the biweight midvariance with respect to the median:

Consider data from standard normal distribution with outliers modeled by another normal distribution with large spread:

Test the data against standard normal distribution:

Compute the biweight midvariance:

Remove outliers by picking data points that are within three times the square root of biweight midvariance from the sample median:

Test the new data against standard normal distribution:

Compute the biweight midvariance of a sample:

Values outside of the interval have no effect on the statistic. Here is the sample median and is the median absolute deviation. is a scaling parameter with default value equal to 9:

The shape of the weight function w(x) being used in computing biweight midvariance:

Multiply the smallest and the largest values in the sample by 2 and compute the biweight midvariance again:

BiweightMidvariance and Variance are dispersion estimators of data:

Resample the data to generate bootstrap estimates:

Compute the standard deviation/mean ratio of the bootstrap estimates for each estimator; smaller value indicates more accurate dispersion measure:

BiweightMidvariance converges to the second central moment for large values of the parameter c:

Biweight midvariance may be undefined for vectors of an even number of elements with a small scaling parameter:

For vectors of odd length and relatively small c, biweight midvariance might assume very large values: