@misc{Feng_Changyong_A_2024,
 author={Feng, Changyong and Liu, Honghong and Poon, Ethan and Feng, Ge},
 identifier={DOI: 10.15611/eada.2024.3.01},
 year={2024},
 rights={Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy},
 description={Econometrics = Ekonometria, 2024, Vol. 28, No. 3, s. 1-8},
 publisher={Publishing House of Wroclaw University of Economics and Business},
 language={eng},
 abstract={Aim: Introduce a novel method for minimizing functions in the form of a sum of absolute values. Methodology: The sum of absolute values can be standardized so that the sum of the coefficients equals 1. In this case, the sum of absolute values takes the form 𝐸𝐸|𝑋𝑋−𝑎𝑎|, where 𝑋𝑋 is a random variable. Results: Any median of 𝑋𝑋 is a minimiser of the function 𝐸𝐸|𝑋𝑋−𝑎𝑎|. To minimise the function, it suffices to find any median of 𝑋𝑋. Implications and recommendations: The method introduced in this paper can be applied to minimise a large family of functions. Originality/value: Our work uses the probabilistic method to solve optimization problems.},
 title={A United Probabilistic Approach to Minimising the Sum of Absolute Values},
 type={artykuł},
 keywords={median, probability distribution, minimum value, mediana, rozkład prawdopodobieństwa, wartość minimalna},
}