gini coefficient

  • Thread starter Thread starter peter
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peter

can anybody help me out with incorporation of the Gini
coefficient function in an excel worksheet
Thanks in advance!
 
can anybody help me out with incorporation of the Gini
coefficient function in an excel worksheet

Given the definition in http://mathworld.wolfram.com/GiniCoefficient.html (a
site it appears too many respondents don't know), with values in a range named
X, and you want the population statistic, try the array formula

=SUM(ABS(X-TRANSPOSE(X)))/(2*SUM(X)*(COUNT(X)-1))

[This can't be replaced by SUMPRODUCT because ABS is one of the old, stupidly
implemented functions that can't handle array arguments unless array-entered.]
Note that all values in X must be nonnegative for this statistic to be
meaningful.
 
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