Which type of average, average or weighted average, is more commonly used in cryptocurrency analysis?

1 answers

• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, commonly uses the weighted average in cryptocurrency analysis. The weighted average takes into account the importance of each value, which allows for a more accurate representation of the data. This is especially important in the volatile cryptocurrency market, where certain values can have a significant impact on the overall analysis. However, it's worth noting that the choice between regular average and weighted average ultimately depends on the specific goals and requirements of the analysis. Both methods have their advantages and disadvantages, and it's important to carefully consider the context before making a decision.
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